125,238 Shares in FIGS, Inc. (NYSE:FIGS) Bought by OFI Invest Asset Management

OFI Invest Asset Management bought a new position in FIGS, Inc. (NYSE:FIGS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 125,238 shares of the company’s stock, valued at approximately $749,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in FIGS during the 4th quarter worth about $43,000. Blue Trust Inc. grew its position in 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 purchasing an additional 6,099 shares during the period. Lane & Associates LLC acquired a new stake in FIGS during the 4th quarter worth about $86,000. Creative Planning grew its position in FIGS by 17.7% during the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after purchasing an additional 1,911 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in FIGS during the 3rd quarter worth about $104,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Stock Down 0.9 %

NYSE:FIGS opened at $4.83 on Monday. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.06. The stock has a market capitalization of $819.33 million, a PE ratio of 80.42, a price-to-earnings-growth ratio of 31.62 and a beta of 1.26. The stock’s 50-day moving average price is $5.61 and its 200-day moving average price is $5.75.

Insider Buying and Selling

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the firm’s stock in a transaction that occurred 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 $2,111,157.16. This trade represents a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on FIGS. The Goldman Sachs Group cut their price target on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research report on Tuesday, December 10th. Barclays cut their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 target price on shares of FIGS in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.35.

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.