SG Americas Securities LLC raised its holdings in FIGS, Inc. (NYSE:FIGS - Free Report) by 88.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,951 shares of the company's stock after purchasing an additional 50,720 shares during the period. SG Americas Securities LLC owned 0.07% of FIGS worth $495,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of FIGS. GAMMA Investing LLC raised its position in shares of FIGS by 585.8% during the 1st quarter. GAMMA Investing LLC now owns 6,536 shares of the company's stock worth $30,000 after purchasing an additional 5,583 shares during the last quarter. Blue Trust Inc. grew its holdings in FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company's stock valued at $47,000 after buying an additional 6,099 shares during the last quarter. Stifel Financial Corp purchased a new position in FIGS during the fourth quarter worth $70,000. Cibc World Markets Corp acquired a new position in shares of FIGS in the fourth quarter worth $75,000. Finally, Quantinno Capital Management LP acquired a new position in shares of FIGS in the fourth quarter worth $82,000. Hedge funds and other institutional investors own 92.21% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on FIGS shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $5.00 price objective on shares of FIGS in a research note on Tuesday, May 13th. Morgan Stanley decreased their price target on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Barclays reissued a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd.
Check Out Our Latest Stock Report on FIGS
FIGS Stock Performance
FIGS stock traded down $0.05 during trading on Wednesday, hitting $5.66. The company's stock had a trading volume of 2,539,323 shares, compared to its average volume of 2,693,809. The stock's fifty day moving average is $4.66 and its 200 day moving average is $5.05. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $7.06. The stock has a market capitalization of $920.03 million, a price-to-earnings ratio of 566.57 and a beta of 1.22.
About FIGS
(
Free Report)
FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.
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