Penserra Capital Management LLC Sells 152,964 Shares of FIGS, Inc. (NYSE:FIGS)

Penserra Capital Management LLC lessened its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 18.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 662,893 shares of the company’s stock after selling 152,964 shares during the period. Penserra Capital Management LLC’s holdings in FIGS were worth $4,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dakota Wealth Management bought a new stake in FIGS during the second quarter worth about $57,000. Creative Planning boosted its position in shares of FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after purchasing an additional 1,911 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of FIGS by 787.0% in the 3rd 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 position in FIGS during the 2nd quarter valued at approximately $79,000. Finally, GSA Capital Partners LLP purchased a new position in FIGS during the third quarter valued at $104,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

FIGS Stock Performance

NYSE FIGS opened at $4.72 on Monday. FIGS, Inc. has a one year low of $4.30 and a one year high of $7.98. The stock has a 50-day moving average of $6.01 and a 200 day moving average of $5.72. The company has a market capitalization of $801.50 million, a price-to-earnings ratio of 78.67, a PEG ratio of 226.08 and a beta of 1.44.

Wall Street Analyst Weigh In

FIGS has been the topic of a number of recent research reports. Barclays cut their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of FIGS in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group upped their target price on shares of FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.40.

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.