FIGS, Inc. (NYSE:FIGS) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its holdings in FIGS, Inc. (NYSE:FIGS) by 76.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,630 shares of the company’s stock after selling 336,074 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.06% of FIGS worth $558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Banque Cantonale Vaudoise grew its stake in shares of FIGS by 50.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after purchasing an additional 2,000 shares during the last quarter. Dakota Wealth Management acquired a new position in FIGS in the 2nd quarter valued at $57,000. Verus Capital Partners LLC purchased a new position in FIGS during the 2nd quarter worth $79,000. Janney Montgomery Scott LLC lifted its stake in shares of FIGS by 23.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock worth $85,000 after acquiring an additional 3,247 shares during the period. Finally, Lineweaver Wealth Advisors LLC acquired a new position in shares of FIGS during the first quarter worth about $95,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Trading Up 3.5 %

Shares of FIGS opened at $6.70 on Friday. The firm’s 50-day moving average is $5.87 and its two-hundred day moving average is $5.46. FIGS, Inc. has a twelve month low of $4.30 and a twelve month high of $7.98. The firm has a market capitalization of $1.14 billion, a P/E ratio of 60.86, a PEG ratio of 80.53 and a beta of 1.43.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $144.23 million during the quarter, compared to the consensus estimate of $142.25 million. FIGS had a return on equity of 4.94% and a net margin of 3.39%. FIGS’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS. Analysts predict that FIGS, Inc. will post 0.03 EPS for the current year.

Insider Activity at FIGS

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of FIGS stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $5.70, for a total transaction of $228,849.30. Following the completion of the transaction, the insider now owns 425,710 shares in the company, valued at approximately $2,426,547. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 43,586 shares of company stock valued at $249,902. Insiders own 22.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price objective on shares of FIGS in a research report on Monday, August 5th. The Goldman Sachs Group raised their price target on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.40.

FIGS Company Profile

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.