GSA Capital Partners LLP Invests $104,000 in FIGS, Inc. (NYSE:FIGS)

GSA Capital Partners LLP purchased a new stake in shares of FIGS, Inc. (NYSE:FIGS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 15,174 shares of the company’s stock, valued at approximately $104,000.

Several other large investors have also made changes to their positions in the company. Squarepoint Ops LLC boosted its holdings in FIGS by 318.1% in the second quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock worth $8,081,000 after purchasing an additional 1,153,481 shares in the last quarter. Rice Hall James & Associates LLC acquired a new position in shares of FIGS during the 2nd quarter valued at about $3,856,000. Millennium Management LLC raised its stake in shares of FIGS by 296.4% in the 2nd quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock valued at $3,323,000 after acquiring an additional 466,252 shares in the last quarter. Algert Global LLC lifted its holdings in FIGS by 175.4% in the 2nd quarter. Algert Global LLC now owns 638,306 shares of the company’s stock worth $3,402,000 after purchasing an additional 406,556 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in FIGS by 16.2% during the second quarter. Bank of New York Mellon Corp now owns 2,307,304 shares of the company’s stock worth $12,298,000 after purchasing an additional 322,358 shares during the period. Institutional investors own 92.21% of the company’s stock.

FIGS Price Performance

Shares of FIGS stock opened at $4.99 on Tuesday. The company has a market cap of $846.50 million, a PE ratio of 83.08, a price-to-earnings-growth ratio of 226.56 and a beta of 1.44. The firm has a fifty day moving average price of $6.00 and a two-hundred day moving average price of $5.72. FIGS, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $7.98.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FIGS. Barclays reduced their price objective on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th. Finally, 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 research report on Friday, August 9th. Two equities 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 company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.