FIGS, Inc. (NYSE:FIGS) is Applied Fundamental Research LLC’s 2nd Largest Position

Applied Fundamental Research LLC increased its stake in FIGS, Inc. (NYSE:FIGS) by 6.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,648,281 shares of the company’s stock after acquiring an additional 152,900 shares during the quarter. FIGS comprises 12.0% of Applied Fundamental Research LLC’s holdings, making the stock its 2nd largest position. Applied Fundamental Research LLC’s holdings in FIGS were worth $18,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dakota Wealth Management purchased a new stake in shares of FIGS in the 2nd quarter worth $57,000. Creative Planning lifted its stake in FIGS by 17.7% in the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares during the period. International Assets Investment Management LLC grew its holdings in FIGS by 787.0% during the 3rd quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock worth $950,000 after acquiring an additional 12,356 shares in the last quarter. Verus Capital Partners LLC purchased a new position in FIGS during the 2nd quarter valued at about $79,000. Finally, GSA Capital Partners LLP bought a new stake in shares of FIGS in the 3rd quarter valued at about $104,000. Institutional investors own 92.21% of the company’s stock.

FIGS Stock Up 5.6 %

Shares of FIGS stock opened at $4.99 on Tuesday. FIGS, Inc. has a 52-week low of $4.30 and a 52-week high of $7.98. The firm’s 50 day moving average price is $6.00 and its 200-day moving average price is $5.72. The company has a market cap of $846.50 million, a P/E ratio of 83.08, a PEG ratio of 226.56 and a beta of 1.44.

Analyst Ratings Changes

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

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.