FIGS, Inc. (NYSE:FIGS) Stake Lowered by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC cut its stake in shares of FIGS, Inc. (NYSE:FIGS) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,435 shares of the company’s stock after selling 3,000 shares during the quarter. Intrinsic Value Partners LLC’s holdings in FIGS were worth $393,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Bamco Inc. NY grew its holdings in shares of FIGS by 12.5% during the third quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock valued at $205,406,000 after purchasing an additional 3,342,755 shares during the last quarter. Geode Capital Management LLC grew its holdings in FIGS by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock worth $20,369,000 after buying an additional 109,979 shares in the last quarter. State Street Corp grew its holdings in FIGS by 1.4% in the 3rd quarter. State Street Corp now owns 2,743,494 shares of the company’s stock worth $18,765,000 after buying an additional 38,787 shares in the last quarter. Applied Fundamental Research LLC grew its holdings in FIGS by 6.1% in the 3rd quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock worth $18,114,000 after buying an additional 152,900 shares in the last quarter. Finally, FMR LLC grew its holdings 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 buying an additional 3,000 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.96, for a total value of $160,055.80. Following the transaction, the insider now directly owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 22.30% of the company’s stock.

FIGS Stock Performance

Shares of NYSE:FIGS opened at $5.51 on Friday. FIGS, Inc. has a one year low of $4.30 and a one year high of $7.05. The stock has a fifty day moving average of $5.79 and a 200-day moving average of $5.80. The company has a market capitalization of $934.80 million, a PE ratio of 91.75, a price-to-earnings-growth ratio of 32.70 and a beta of 1.22.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays decreased their price objective on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group cut their target price on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.35.

FIGS 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.