12,160 Shares in FIGS, Inc. (NYSE:FIGS) Purchased by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in FIGS, Inc. (NYSE:FIGS) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 12,160 shares of the company’s stock, valued at approximately $75,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in FIGS during the 4th quarter worth $749,000. Raymond James Financial Inc. bought a new stake in shares of FIGS during the fourth quarter valued at about $12,152,000. Aigen Investment Management LP lifted its holdings in FIGS by 66.6% in the fourth quarter. Aigen Investment Management LP now owns 38,051 shares of the company’s stock worth $236,000 after purchasing an additional 15,211 shares during the period. Victory Capital Management Inc. lifted its holdings in FIGS by 488.3% in the fourth quarter. Victory Capital Management Inc. now owns 95,894 shares of the company’s stock worth $594,000 after purchasing an additional 79,594 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in FIGS in the 4th quarter valued at about $107,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on FIGS. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price target on shares of FIGS in a research report on Friday, February 28th. The Goldman Sachs Group dropped their target price on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.35.

FIGS Price Performance

FIGS stock opened at $4.89 on Friday. The firm has a market cap of $793.91 million, a PE ratio of 81.42, a P/E/G ratio of 31.62 and a beta of 1.26. FIGS, Inc. has a 12 month low of $4.18 and a 12 month high of $7.06. The firm has a 50 day simple moving average of $5.22 and a 200 day simple moving average of $5.63.

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.