Marshall Wace LLP Has $9.18 Million Stock Holdings in FIGS, Inc. (NYSE:FIGS)

Marshall Wace LLP reduced its position in FIGS, Inc. (NYSE:FIGS) by 35.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,482,464 shares of the company’s stock after selling 809,439 shares during the period. Marshall Wace LLP’s holdings in FIGS were worth $9,176,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new stake in FIGS in the fourth quarter valued at approximately $43,000. Blue Trust Inc. increased its holdings in shares of FIGS by 380.0% during the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company’s stock worth $51,000 after acquiring an additional 5,864 shares during the last quarter. Cibc World Markets Corp bought a new stake in FIGS in the 4th quarter valued at $75,000. Senvest Management LLC acquired a new stake in FIGS during the 4th quarter valued at $84,000. Finally, Lane & Associates LLC acquired a new stake in FIGS during the 4th quarter valued at $86,000. Institutional investors own 92.21% of the company’s stock.

FIGS Stock Up 2.0 %

Shares of FIGS stock opened at $3.89 on Wednesday. The stock has a market capitalization of $631.39 million, a price-to-earnings ratio of 64.75, a price-to-earnings-growth ratio of 31.62 and a beta of 1.18. FIGS, Inc. has a twelve month low of $3.57 and a twelve month high of $7.06. The company has a 50-day simple moving average of $4.61 and a two-hundred day simple moving average of $5.36.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective 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. 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 report on Tuesday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of FIGS in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.15.

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.