Proficio Capital Partners LLC Makes New $107,000 Investment in FIGS, Inc. (NYSE:FIGS)

Proficio Capital Partners LLC purchased a new stake in FIGS, Inc. (NYSE:FIGS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,307 shares of the company’s stock, valued at approximately $107,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIGS. Bamco Inc. NY increased its stake in shares of FIGS by 12.5% in the 3rd quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock valued at $205,406,000 after acquiring an additional 3,342,755 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in FIGS by 83.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company’s stock worth $14,331,000 after purchasing an additional 1,052,384 shares during the period. JPMorgan Chase & Co. increased its stake in FIGS by 165.4% in the third quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company’s stock valued at $4,091,000 after purchasing an additional 372,693 shares in the last quarter. Landscape Capital Management L.L.C. raised its holdings in shares of FIGS by 53.6% during the third quarter. Landscape Capital Management L.L.C. now owns 829,173 shares of the company’s stock valued at $5,672,000 after purchasing an additional 289,317 shares during the period. Finally, Barclays PLC raised its holdings in shares of FIGS by 152.5% during the third quarter. Barclays PLC now owns 286,974 shares of the company’s stock valued at $1,963,000 after purchasing an additional 173,316 shares during the period. 92.21% of the stock is currently owned by institutional investors.

FIGS Price Performance

NYSE:FIGS opened at $4.67 on Thursday. FIGS, Inc. has a one year low of $4.30 and a one year high of $7.06. The company has a market cap of $758.16 million, a PE ratio of 77.75, a PEG ratio of 31.62 and a beta of 1.26. The firm has a 50-day moving average of $5.52 and a 200-day moving average of $5.73.

Analyst Ratings Changes

Several analysts have recently commented on FIGS shares. The Goldman Sachs Group reduced their target price on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.35.

Insider Buying and Selling at FIGS

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

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.