FIGS, Inc. (NYSE:FIGS) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of FIGS, Inc. (NYSE:FIGS) by 18.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 256,344 shares of the company’s stock after purchasing an additional 39,462 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of FIGS worth $1,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in FIGS during the fourth quarter worth about $12,152,000. Barclays PLC lifted its position in shares of FIGS by 152.5% during the 3rd quarter. Barclays PLC now owns 286,974 shares of the company’s stock valued at $1,963,000 after acquiring an additional 173,316 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of FIGS during the 4th quarter worth approximately $1,270,000. Two Sigma Investments LP grew its holdings in shares of FIGS by 151.9% in the 4th quarter. Two Sigma Investments LP now owns 433,432 shares of the company’s stock worth $2,683,000 after acquiring an additional 261,367 shares during the period. Finally, OFI Invest Asset Management purchased a new position in FIGS in the 4th quarter valued at approximately $749,000. 92.21% of the stock is owned by institutional investors and hedge funds.

FIGS Price Performance

FIGS opened at $5.09 on Monday. The firm has a market cap of $827.38 million, a P/E ratio of 84.83, a PEG ratio of 31.62 and a beta of 1.22. The business’s fifty day simple moving average is $4.33 and its 200 day simple moving average is $5.03. FIGS, Inc. has a 52 week low of $3.57 and a 52 week high of $7.06.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIGS. Telsey Advisory Group reiterated a “market perform” rating and set a $5.00 target price on shares of FIGS in a research report on Tuesday, May 13th. Barclays reiterated a “positive” rating on shares of FIGS in a research report on Tuesday, May 13th. The Goldman Sachs Group cut their target price on shares of FIGS from $4.25 to $3.75 and set a “sell” rating for the company in a research report on Tuesday, April 22nd. Finally, Morgan Stanley lowered their price target on shares of FIGS from $4.75 to $4.25 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th.

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.