OFI Invest Asset Management Acquires New Position in FIGS, Inc. (NYSE:FIGS)

OFI Invest Asset Management acquired a new position in FIGS, Inc. (NYSE:FIGS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 125,238 shares of the company’s stock, valued at approximately $749,000. OFI Invest Asset Management owned approximately 0.07% of FIGS as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new position in FIGS in the fourth quarter worth approximately $43,000. Blue Trust Inc. grew its stake in FIGS by 380.0% in the fourth quarter. Blue Trust Inc. now owns 7,407 shares of the company’s stock worth $51,000 after purchasing an additional 5,864 shares in the last quarter. Creative Planning grew 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 purchasing an additional 1,911 shares in the last quarter. Lane & Associates LLC bought a new position in FIGS in the fourth quarter worth approximately $86,000. Finally, GSA Capital Partners LLP bought a new position in FIGS in the third quarter worth approximately $104,000. Institutional investors own 92.21% of the company’s stock.

Insiders Place Their Bets

In other news, insider Heather L. Hasson sold 26,855 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the completion of the sale, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.30% of the stock is owned by company insiders.

FIGS Stock Down 0.9 %

FIGS stock opened at $4.83 on Monday. The business has a fifty day moving average of $5.61 and a two-hundred day moving average of $5.75. The firm has a market cap of $819.33 million, a P/E ratio of 80.42, a P/E/G ratio of 31.62 and a beta of 1.26. FIGS, Inc. has a twelve month low of $4.30 and a twelve month high of $7.06.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FIGS shares. Barclays dropped their price objective on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. The Goldman Sachs Group dropped their price objective on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 target price on shares of FIGS in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.35.

FIGS Company 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.