FIGS, Inc. (NYSE:FIGS) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its holdings in FIGS, Inc. (NYSE:FIGSFree Report) by 19.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,902 shares of the company’s stock after selling 7,949 shares during the period. Aigen Investment Management LP’s holdings in FIGS were worth $236,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Trexquant Investment LP raised its holdings in FIGS by 18.1% in the 4th quarter. Trexquant Investment LP now owns 303,159 shares of the company’s stock valued at $2,107,000 after buying an additional 46,541 shares during the period. Principal Financial Group Inc. increased its position in shares of FIGS by 38.8% during the fourth quarter. Principal Financial Group Inc. now owns 125,647 shares of the company’s stock valued at $873,000 after acquiring an additional 35,102 shares during the last quarter. Versor Investments LP raised its stake in shares of FIGS by 23.5% in the 4th quarter. Versor Investments LP now owns 62,000 shares of the company’s stock valued at $431,000 after acquiring an additional 11,800 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of FIGS in the 4th quarter worth approximately $90,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of FIGS by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 972,788 shares of the company’s stock worth $6,761,000 after purchasing an additional 18,056 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

FIGS Stock Up 1.0 %

FIGS opened at $5.20 on Monday. FIGS, Inc. has a 52 week low of $4.37 and a 52 week high of $8.84. The business has a 50 day moving average price of $5.08 and a two-hundred day moving average price of $5.92. The company has a market cap of $885.20 million, a PE ratio of 47.28, a P/E/G ratio of 69.33 and a beta of 1.41.

FIGS (NYSE:FIGSGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The company had revenue of $119.29 million for the quarter, compared to analysts’ expectations of $117.38 million. During the same period in the previous year, the company posted $0.01 EPS. FIGS’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that FIGS, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIGS. Barclays cut their target price on FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Roth Mkm cut their price objective on shares of FIGS from $7.50 to $6.75 and set a “buy” rating on the stock in a report on Friday, May 10th. Bank of America restated an “underperform” rating and issued a $4.50 target price (down previously from $8.50) on shares of FIGS in a report on Tuesday, April 2nd. Oppenheimer lowered shares of FIGS from an “outperform” rating to a “market perform” rating in a research note on Friday, March 8th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price objective on shares of FIGS in a research note on Friday, May 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.30.

Read Our Latest Report on FIGS

Insider Buying and Selling

In related news, insider Heather L. Hasson sold 28,614 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $4.89, for a total value of $139,922.46. Following the completion of the sale, the insider now owns 468,870 shares in the company, valued at $2,292,774.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other FIGS news, insider Heather L. Hasson sold 28,614 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $4.89, for a total value of $139,922.46. Following the completion of the transaction, the insider now owns 468,870 shares in the company, valued at $2,292,774.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniella Turenshine sold 15,762 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total transaction of $87,321.48. Following the sale, the chief financial officer now owns 409,858 shares in the company, valued at $2,270,613.32. The disclosure for this sale can be found here. Insiders sold 46,200 shares of company stock valued at $237,349 over the last ninety days. Corporate insiders own 22.30% of the company’s stock.

FIGS Profile

(Free Report)

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.

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Want to see what other hedge funds are holding FIGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FIGS, Inc. (NYSE:FIGSFree Report).

Institutional Ownership by Quarter for FIGS (NYSE:FIGS)

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