FIGS, Inc. (NYSE:FIGS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of FIGS, Inc. (NYSE:FIGS) by 8.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,386 shares of the company’s stock after selling 18,847 shares during the quarter. Rhumbline Advisers owned 0.12% of FIGS worth $897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in FIGS by 585.8% during the first quarter. GAMMA Investing LLC now owns 6,536 shares of the company’s stock worth $30,000 after buying an additional 5,583 shares in the last quarter. Pullen Investment Management LLC boosted its holdings in FIGS by 46.1% during the fourth quarter. Pullen Investment Management LLC now owns 112,236 shares of the company’s stock worth $695,000 after buying an additional 35,434 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in FIGS by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 256,344 shares of the company’s stock worth $1,587,000 after buying an additional 39,462 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in FIGS during the fourth quarter worth about $888,000. Finally, Two Sigma Investments LP boosted its holdings in FIGS by 151.9% during the fourth quarter. Two Sigma Investments LP now owns 433,432 shares of the company’s stock worth $2,683,000 after buying an additional 261,367 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIGS has been the topic of a number of research analyst reports. Barclays reissued a “positive” rating on shares of FIGS in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their price target on shares of FIGS from $4.25 to $3.75 and set a “sell” rating on the stock in a research report on Tuesday, April 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price target on shares of FIGS in a research report on Tuesday, May 13th. 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 Price Performance

FIGS stock opened at $5.26 on Friday. The company’s 50 day simple moving average is $4.58 and its 200-day simple moving average is $5.04. The firm has a market capitalization of $854.20 million, a PE ratio of 526.03 and a beta of 1.22. FIGS, Inc. has a 12 month low of $3.57 and a 12 month high of $7.06.

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.