UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in FIGS, Inc. (NYSE:FIGS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of FIGS, Inc. (NYSE:FIGS) by 10.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 216,882 shares of the company’s stock after selling 26,438 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in FIGS were worth $1,483,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dakota Wealth Management purchased a new stake in FIGS during the 2nd quarter valued at $57,000. Verus Capital Partners LLC bought a new position in shares of FIGS during the second quarter valued at $79,000. Creative Planning boosted its holdings in shares of FIGS by 17.7% during the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after acquiring an additional 1,911 shares during the last quarter. GSA Capital Partners LLP bought a new position in FIGS during the third quarter valued at approximately $104,000. Finally, Seven Eight Capital LP purchased a new stake in FIGS in the second quarter worth approximately $144,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIGS has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price target on shares of FIGS in a research note on Wednesday, November 13th. Finally, Barclays lowered their price objective on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, FIGS currently has an average rating of “Hold” and a consensus price target of $5.35.

FIGS Trading Down 0.7 %

FIGS stock opened at $6.01 on Tuesday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 100.17, a P/E/G ratio of 299.52 and a beta of 1.33. FIGS, Inc. has a 12-month low of $4.30 and a 12-month high of $7.98. The firm has a 50 day moving average of $5.72 and a 200 day moving average of $5.71.

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.