Sugar Maple Asset Management LLC Invests $43,000 in FIGS, Inc. (NYSE:FIGS)

Sugar Maple Asset Management LLC acquired a new position in shares of FIGS, Inc. (NYSE:FIGS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,000 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning boosted its position in shares of FIGS by 17.7% during 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 boosted its position in shares of 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 purchasing an additional 12,356 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of FIGS in the 3rd quarter worth about $104,000. Aigen Investment Management LP raised its holdings in shares of FIGS by 40.3% in the 3rd quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock worth $156,000 after acquiring an additional 6,562 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of FIGS in the 3rd quarter worth about $163,000. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at FIGS

In related news, insider Heather L. Hasson sold 26,855 shares of FIGS stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.96, for a total value of $160,055.80. Following the sale, the insider now owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 22.30% of the company’s stock.

Analyst Ratings Changes

FIGS has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 target price on shares of FIGS in a report on Wednesday, November 13th. Finally, Barclays lowered their target price on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.35.

FIGS Stock Performance

NYSE:FIGS opened at $5.93 on Tuesday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 98.75, a price-to-earnings-growth ratio of 35.64 and a beta of 1.24. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.05. The firm has a 50-day moving average price of $5.57 and a two-hundred day moving average price of $5.85.

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.