Tandem Capital Management Corp ADV Has $883,000 Stock Holdings in FIGS, Inc. (NYSE:FIGS)

Tandem Capital Management Corp ADV reduced its position in FIGS, Inc. (NYSE:FIGS) by 3.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 129,130 shares of the company’s stock after selling 4,200 shares during the period. Tandem Capital Management Corp ADV’s holdings in FIGS were worth $883,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIGS. Squarepoint Ops LLC grew its position in shares of FIGS by 318.1% during the 2nd quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock worth $8,081,000 after buying an additional 1,153,481 shares during the period. Rice Hall James & Associates LLC bought a new stake in shares of FIGS during the 2nd quarter valued at $3,856,000. Bamco Inc. NY lifted its stake in shares of FIGS by 2.0% in the 1st quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock valued at $128,145,000 after purchasing an additional 516,496 shares during the period. Applied Fundamental Research LLC boosted its position in shares of FIGS by 25.8% in the 1st quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock worth $12,427,000 after purchasing an additional 511,794 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in FIGS by 296.4% in the second quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock valued at $3,323,000 after purchasing an additional 466,252 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Activity at FIGS

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total transaction of $228,849.30. Following the transaction, the insider now owns 425,710 shares of the company’s stock, valued at $2,426,547. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 43,586 shares of company stock valued at $249,902. 22.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Telsey Advisory Group restated a “market perform” rating and set a $6.00 target price on shares of FIGS in a research report on Monday, August 5th. The Goldman Sachs Group lifted their target price on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.40.

FIGS Stock Up 0.6 %

Shares of NYSE:FIGS traded up $0.04 during mid-day trading on Friday, reaching $6.26. 9,687 shares of the stock were exchanged, compared to its average volume of 3,529,475. The company has a market cap of $1.07 billion, a P/E ratio of 56.55, a P/E/G ratio of 83.73 and a beta of 1.43. The stock’s 50 day simple moving average is $6.07 and its 200-day simple moving average is $5.62. FIGS, Inc. has a one year low of $4.30 and a one year high of $7.98.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter. FIGS had a net margin of 3.39% and a return on equity of 4.94%. The business had revenue of $144.23 million during the quarter, compared to analysts’ expectations of $142.25 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Analysts anticipate that FIGS, Inc. will post 0.03 EPS for the current fiscal year.

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.