Zurcher Kantonalbank Zurich Cantonalbank Has $140,000 Position in FIGS, Inc. (NYSE:FIGS)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in FIGS, Inc. (NYSE:FIGS) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,106 shares of the company’s stock after selling 4,009 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FIGS were worth $140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FIGS. Bamco Inc. NY grew its stake in FIGS by 6.2% in the third quarter. Bamco Inc. NY now owns 25,032,830 shares of the company’s stock valued at $147,694,000 after purchasing an additional 1,470,706 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of FIGS by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 12,278,070 shares of the company’s stock worth $72,441,000 after purchasing an additional 538,251 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of FIGS by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 923,080 shares of the company’s stock valued at $5,446,000 after buying an additional 30,793 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of FIGS in the 3rd quarter valued at approximately $4,306,000. Finally, Dark Forest Capital Management LP grew its stake in shares of FIGS by 51.1% in the 3rd quarter. Dark Forest Capital Management LP now owns 695,422 shares of the company’s stock valued at $4,103,000 after buying an additional 235,241 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

FIGS Trading Up 3.2 %

NYSE FIGS opened at $5.16 on Thursday. FIGS, Inc. has a 1 year low of $4.37 and a 1 year high of $8.84. The company has a fifty day simple moving average of $5.03 and a 200 day simple moving average of $5.96. The company has a market cap of $876.74 million, a P/E ratio of 46.91, a P/E/G ratio of 19.95 and a beta of 1.41.

FIGS (NYSE:FIGS) last released its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $144.90 million during the quarter, compared to analyst estimates of $149.09 million. FIGS had a net margin of 4.15% and a return on equity of 6.72%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Equities research analysts forecast that FIGS, Inc. will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other FIGS news, CFO Daniella Turenshine sold 15,762 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total value of $87,321.48. Following the sale, the chief financial officer now owns 409,858 shares of the company’s stock, valued at approximately $2,270,613.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 22.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Oppenheimer cut shares of FIGS from an “outperform” rating to a “market perform” rating in a research note on Friday, March 8th. The Goldman Sachs Group reduced their price objective on shares of FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. Barclays lowered their target price on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price target on shares of FIGS in a research report on Friday, May 3rd. Finally, Bank of America reiterated an “underperform” rating and set a $4.50 price target (down previously from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.94.

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.