Sanctuary Advisors LLC Sells 53,981 Shares of FIGS, Inc. (NYSE:FIGS)

Sanctuary Advisors LLC lowered its position in shares of FIGS, Inc. (NYSE:FIGS) by 62.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,204 shares of the company’s stock after selling 53,981 shares during the quarter. Sanctuary Advisors LLC’s holdings in FIGS were worth $184,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Creative Planning lifted its position in 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 period. FMR LLC increased its stake in shares of FIGS by 0.3% during the third quarter. FMR LLC now owns 1,155,092 shares of the company’s stock valued at $7,901,000 after purchasing an additional 3,000 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of FIGS by 380.0% during the fourth quarter. Blue Trust Inc. now owns 7,407 shares of the company’s stock valued at $51,000 after purchasing an additional 5,864 shares during the last quarter. Aigen Investment Management LP lifted its holdings in shares of FIGS by 40.3% during the third quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after purchasing an additional 6,562 shares during the last quarter. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of FIGS in the 4th quarter worth approximately $43,000. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FIGS shares. Barclays reduced their price objective on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price target on shares of FIGS in a report on Friday, February 28th. Finally, The Goldman Sachs Group lowered their price target on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.35.

FIGS Trading Up 1.6 %

FIGS stock opened at $4.87 on Thursday. The stock’s 50 day simple moving average is $5.66 and its 200 day simple moving average is $5.76. FIGS, Inc. has a 12-month low of $4.30 and a 12-month high of $7.06. The stock has a market capitalization of $826.13 million, a PE ratio of 81.08, a price-to-earnings-growth ratio of 31.62 and a beta of 1.22.

Insider Activity

In related news, insider Heather L. Hasson sold 26,855 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.96, for a total value of $160,055.80. Following the sale, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. This trade represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.30% of the company’s stock.

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.