Charles Schwab Investment Management Inc. Has $5.79 Million Position in FIGS, Inc. (NYSE:FIGS)

Charles Schwab Investment Management Inc. lessened its position in FIGS, Inc. (NYSE:FIGS) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 935,182 shares of the company’s stock after selling 131,545 shares during the period. Charles Schwab Investment Management Inc.’s holdings in FIGS were worth $5,789,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new stake in FIGS in the 4th quarter valued at $43,000. Blue Trust Inc. increased its holdings in shares of FIGS by 395.3% in the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock valued at $47,000 after purchasing an additional 6,099 shares during the last quarter. Lane & Associates LLC bought a new position in shares of FIGS in the fourth quarter valued at about $86,000. GSA Capital Partners LLP acquired a new stake in shares of FIGS during the 3rd quarter worth about $104,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of FIGS during the 4th quarter worth about $107,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FIGS

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now directly owns 354,221 shares in the company, valued at $2,111,157.16. This represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.30% of the stock is currently owned by corporate insiders.

FIGS Stock Up 11.7 %

Shares of NYSE:FIGS opened at $4.84 on Tuesday. FIGS, Inc. has a 12-month low of $4.18 and a 12-month high of $7.06. The company’s 50 day moving average price is $5.30 and its two-hundred day moving average price is $5.65. The firm has a market cap of $785.78 million, a PE ratio of 80.58, a PEG ratio of 31.62 and a beta of 1.26.

Analysts Set New Price Targets

Several research firms have weighed in on FIGS. The Goldman Sachs Group lowered their price target on shares of 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 reiterated a “market perform” rating and set a $7.00 target price on shares of FIGS in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FIGS has an average rating of “Hold” and an average target price of $5.35.

FIGS 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.