Squarepoint Ops LLC lowered its position in shares of FIGS, Inc. (NYSE:FIGS - Free Report) by 87.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 110,769 shares of the company's stock after selling 796,149 shares during the period. Squarepoint Ops LLC owned 0.07% of FIGS worth $686,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of FIGS. Blue Trust Inc. raised its stake in shares of FIGS by 380.0% in the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company's stock worth $51,000 after buying an additional 5,864 shares in the last quarter. Stifel Financial Corp acquired a new stake in FIGS in the 4th quarter valued at about $70,000. Cibc World Markets Corp acquired a new stake in FIGS in the 4th quarter valued at about $75,000. Quantinno Capital Management LP bought a new position in shares of FIGS during the 4th quarter valued at about $82,000. Finally, Senvest Management LLC acquired a new position in shares of FIGS in the 4th quarter worth approximately $84,000. 92.21% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of FIGS from $4.25 to $3.75 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $5.00 target price on shares of FIGS in a research report on Tuesday, May 13th. Finally, Barclays reiterated a "positive" rating on shares of FIGS in a report on Tuesday, May 13th.
Read Our Latest Research Report on FIGS
FIGS Stock Performance
Shares of NYSE:FIGS traded down $0.06 during midday trading on Thursday, hitting $5.05. 1,192,026 shares of the stock were exchanged, compared to its average volume of 2,740,252. The company has a market capitalization of $820.07 million, a PE ratio of 84.08, a P/E/G ratio of 31.62 and a beta of 1.22. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $7.06. The business's fifty day simple moving average is $4.31 and its two-hundred day simple moving average is $5.02.
FIGS Company Profile
(
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.
Featured Articles
Before you consider FIGS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FIGS wasn't on the list.
While FIGS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
