FIGS, Inc. (NYSE:FIGS) Stock Position Decreased by Applied Fundamental Research LLC

Applied Fundamental Research LLC trimmed its position in FIGS, Inc. (NYSE:FIGS) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,486,948 shares of the company’s stock after selling 161,333 shares during the quarter. FIGS comprises approximately 12.0% of Applied Fundamental Research LLC’s holdings, making the stock its 4th biggest position. Applied Fundamental Research LLC owned about 1.46% of FIGS worth $15,394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIGS. Sugar Maple Asset Management LLC purchased a new position in shares of FIGS in the fourth quarter valued at about $43,000. Blue Trust Inc. boosted its stake in FIGS by 395.3% in the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after purchasing an additional 6,099 shares during the period. Lane & Associates LLC purchased a new stake in FIGS during the 4th quarter valued at approximately $86,000. GSA Capital Partners LLP bought a new stake in shares of FIGS during the third quarter valued at approximately $104,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of FIGS in the fourth quarter worth $107,000. Institutional investors own 92.21% of the company’s stock.

Insider Activity 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 transaction 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 represents a 7.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 22.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FIGS has been the subject of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 target price on shares of FIGS in a research note on Friday, February 28th. The Goldman Sachs Group reduced their target price on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.35.

FIGS Stock Up 1.6 %

FIGS stock opened at $4.65 on Monday. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.06. The firm has a market capitalization of $754.91 million, a P/E ratio of 77.42, a price-to-earnings-growth ratio of 31.62 and a beta of 1.26. The company has a fifty day simple moving average of $5.47 and a two-hundred day simple moving average of $5.71.

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.