Fmr LLC Buys 3,000 Shares of FIGS, Inc. (NYSE:FIGS)

Fmr LLC increased its holdings in FIGS, Inc. (NYSE:FIGS) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,155,092 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Fmr LLC’s holdings in FIGS were worth $7,901,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dakota Wealth Management bought a new stake in FIGS during the second quarter valued at about $57,000. Creative Planning increased its stake in FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares during the last quarter. International Assets Investment Management LLC grew its position in FIGS by 787.0% in the third quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock worth $950,000 after acquiring an additional 12,356 shares in the last quarter. Verus Capital Partners LLC bought a new stake in FIGS in the second quarter worth $79,000. Finally, GSA Capital Partners LLP bought a new position in FIGS during the 3rd quarter valued at about $104,000. Institutional investors own 92.21% of the company’s stock.

FIGS Price Performance

NYSE FIGS opened at $6.00 on Friday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 100.00, a PEG ratio of 244.32 and a beta of 1.33. The firm’s 50-day moving average is $5.75 and its two-hundred day moving average is $5.69. FIGS, Inc. has a 12 month low of $4.30 and a 12 month high of $7.98.

Analysts Set New Price Targets

FIGS has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 price objective on shares of FIGS in a report on Wednesday, November 13th. Finally, Barclays decreased their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.35.

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.