HighTower Advisors LLC Sells 15,045 Shares of FIGS, Inc. (NYSE:FIGS)

HighTower Advisors LLC reduced its position in shares of FIGS, Inc. (NYSE:FIGS) by 47.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,423 shares of the company’s stock after selling 15,045 shares during the period. HighTower Advisors LLC’s holdings in FIGS were worth $102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in shares of FIGS during the 4th quarter worth approximately $43,000. Blue Trust Inc. increased its position in shares of FIGS by 395.3% during the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock valued at $47,000 after acquiring an additional 6,099 shares during the last quarter. Lane & Associates LLC bought a new stake in FIGS during the fourth quarter worth $86,000. Proficio Capital Partners LLC bought a new stake in FIGS during the fourth quarter worth $107,000. Finally, Paloma Partners Management Co purchased a new position in FIGS in the third quarter worth $163,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FIGS shares. The Goldman Sachs Group decreased their target price on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of FIGS in a report on Friday, February 28th.

Insider Activity

In other news, insider Heather L. Hasson sold 26,855 shares of the business’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 of the company’s stock, valued at $2,111,157.16. The trade was a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 22.30% of the company’s stock.

FIGS Trading Up 0.4 %

Shares of NYSE FIGS opened at $3.95 on Friday. The firm has a market cap of $641.14 million, a price-to-earnings ratio of 65.75, a price-to-earnings-growth ratio of 31.62 and a beta of 1.26. The stock has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $5.59. FIGS, Inc. has a 1-year low of $3.66 and a 1-year high of $7.06.

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.