FIGS, Inc. (NYSE:FIGS) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its position in FIGS, Inc. (NYSE:FIGS - Free Report) by 151.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 433,432 shares of the company's stock after buying an additional 261,367 shares during the quarter. Two Sigma Investments LP owned approximately 0.26% of FIGS worth $2,683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FIGS. ProShare Advisors LLC boosted its holdings in FIGS by 17.7% in the 4th quarter. ProShare Advisors LLC now owns 748,960 shares of the company's stock valued at $4,636,000 after purchasing an additional 112,722 shares in the last quarter. Quantinno Capital Management LP purchased a new position in FIGS in the fourth quarter worth $82,000. Malaga Cove Capital LLC raised its position in FIGS by 1.2% in the fourth quarter. Malaga Cove Capital LLC now owns 216,669 shares of the company's stock worth $1,341,000 after acquiring an additional 2,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in FIGS by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,943 shares of the company's stock worth $458,000 after acquiring an additional 2,807 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in FIGS by 41.1% in the fourth quarter. Lazard Asset Management LLC now owns 110,748 shares of the company's stock worth $685,000 after acquiring an additional 32,268 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

FIGS Stock Up 10.8%

Shares of FIGS traded up $0.50 during trading hours on Wednesday, reaching $5.11. 2,584,524 shares of the company traded hands, compared to its average volume of 2,746,199. The stock has a market capitalization of $830.64 million, a PE ratio of 85.17, a price-to-earnings-growth ratio of 31.62 and a beta of 1.22. FIGS, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $7.06. The stock has a fifty day simple moving average of $4.31 and a 200 day simple moving average of $5.02.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley cut their price objective on FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Telsey Advisory Group reissued a "market perform" rating and issued a $5.00 target price on shares of FIGS in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their target price on FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays reissued a "positive" rating on shares of FIGS in a report on Tuesday, May 13th.

About FIGS

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.