FIGS, Inc. (NYSE:FIGS) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC decreased its holdings in FIGS, Inc. (NYSE:FIGS) by 4.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,517 shares of the company’s stock after selling 1,982 shares during the quarter. Blueshift Asset Management LLC’s holdings in FIGS were worth $298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIGS. Creative Planning raised its stake in FIGS by 17.7% in the third quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after buying an additional 1,911 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of FIGS by 6.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,564 shares of the company’s stock valued at $270,000 after purchasing an additional 2,879 shares during the last quarter. FMR LLC boosted its stake in FIGS by 0.3% in the 3rd quarter. FMR LLC now owns 1,155,092 shares of the company’s stock worth $7,901,000 after purchasing an additional 3,000 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in FIGS by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock worth $316,000 after purchasing an additional 4,038 shares in the last quarter. Finally, Tandem Capital Management Corp ADV grew its position in FIGS by 3.3% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 133,330 shares of the company’s stock worth $725,000 after purchasing an additional 4,200 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

FIGS Stock Performance

NYSE:FIGS opened at $5.14 on Friday. The firm’s fifty day moving average is $5.98 and its two-hundred day moving average is $5.71. The firm has a market cap of $872.82 million, a price-to-earnings ratio of 85.67, a PEG ratio of 239.04 and a beta of 1.44. FIGS, Inc. has a one year low of $4.30 and a one year high of $7.98.

Analyst Upgrades and Downgrades

FIGS has been the subject of a number of research analyst reports. 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 price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Finally, 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. Two 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 presently has a consensus rating of “Hold” and a consensus target price 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.