Fmr LLC Has $7.90 Million Stake in FIGS, Inc. (NYSE:FIGS)

Fmr LLC grew its position in FIGS, Inc. (NYSE:FIGS) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,155,092 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Fmr LLC owned about 0.68% of FIGS worth $7,901,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Dakota Wealth Management acquired a new stake in FIGS during the second quarter worth about $57,000. Creative Planning raised its position in shares of FIGS by 17.7% during the third 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 raised its stake in shares of FIGS by 787.0% during the third quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock worth $950,000 after buying an additional 12,356 shares during the last quarter. Verus Capital Partners LLC bought a new stake in shares of FIGS in the 2nd quarter valued at about $79,000. Finally, GSA Capital Partners LLP bought a new stake in shares of FIGS in the 3rd quarter valued at $104,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FIGS shares. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th. 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. Finally, Barclays dropped 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. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.35.

FIGS Stock Performance

FIGS stock opened at $6.00 on Friday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 100.00, a PEG ratio of 244.32 and a beta of 1.33. The stock has a fifty day moving average of $5.75 and a 200-day moving average of $5.69. FIGS, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $7.98.

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.