FIGS, Inc. (NYSE:FIGS) Shares Sold by Mariner LLC

Mariner LLC reduced its stake in shares of FIGS, Inc. (NYSE:FIGS) by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,825 shares of the company’s stock after selling 5,599 shares during the quarter. Mariner LLC’s holdings in FIGS were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in FIGS in the 4th quarter valued at approximately $12,152,000. Barclays PLC increased its position in shares of FIGS by 152.5% in the third quarter. Barclays PLC now owns 286,974 shares of the company’s stock valued at $1,963,000 after buying an additional 173,316 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of FIGS in the fourth quarter valued at $749,000. Blue Trust Inc. raised its stake in shares of FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after buying an additional 6,099 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of FIGS by 83.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company’s stock worth $14,331,000 after buying an additional 1,052,384 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FIGS shares. Telsey Advisory Group cut their target price on shares of FIGS from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Monday. The Goldman Sachs Group reduced their target price on FIGS from $4.25 to $3.75 and set a “sell” rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price target on FIGS from $4.75 to $4.25 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.75.

FIGS Trading Up 2.9 %

FIGS stock opened at $5.03 on Friday. The stock has a fifty day moving average price of $4.36 and a 200 day moving average price of $5.19. FIGS, Inc. has a 52 week low of $3.57 and a 52 week high of $7.06. The firm has a market capitalization of $817.96 million, a P/E ratio of 83.88, a PEG ratio of 31.62 and a beta of 1.20.

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.