FIGS, Inc. (NYSE:FIGS) Shares Sold by Algert Global LLC

Algert Global LLC lessened its stake in FIGS, Inc. (NYSE:FIGS) by 47.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 334,678 shares of the company’s stock after selling 303,628 shares during the period. Algert Global LLC owned about 0.20% of FIGS worth $2,289,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FIGS. Rice Hall James & Associates LLC acquired a new stake in shares of FIGS in the 2nd quarter valued at about $3,856,000. Vanguard Group Inc. raised its stake in FIGS by 1.7% during the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after buying an additional 206,673 shares in the last quarter. Resolute Capital Asset Partners LLC acquired a new stake in FIGS during the second quarter valued at approximately $799,000. American Century Companies Inc. bought a new position in FIGS during the 2nd quarter worth approximately $554,000. Finally, Millennium Management LLC grew its position in shares of FIGS by 296.4% in the 2nd quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock worth $3,323,000 after acquiring an additional 466,252 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

FIGS Price Performance

Shares of NYSE FIGS opened at $4.99 on Wednesday. FIGS, Inc. has a 1-year low of $4.30 and a 1-year high of $7.98. The firm has a market capitalization of $846.50 million, a PE ratio of 83.00, a P/E/G ratio of 226.56 and a beta of 1.44. The business’s fifty day moving average price is $6.00 and its two-hundred day moving average price is $5.72.

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.