HighTower Advisors LLC Trims Stake in FIGS, Inc. (NYSE:FIGS)

HighTower Advisors LLC lowered its holdings in FIGS, Inc. (NYSE:FIGS) by 47.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,423 shares of the company’s stock after selling 15,045 shares during the period. HighTower Advisors LLC’s holdings in FIGS were worth $102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sugar Maple Asset Management LLC bought a new position in shares of FIGS in the fourth quarter worth approximately $43,000. Blue Trust Inc. lifted its position in FIGS by 395.3% during the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock valued at $47,000 after purchasing an additional 6,099 shares during the last quarter. Lane & Associates LLC purchased a new position in FIGS in the 4th quarter worth approximately $86,000. Proficio Capital Partners LLC bought a new position in shares of FIGS in the 4th quarter worth $107,000. Finally, Paloma Partners Management Co purchased a new stake in shares of FIGS during the 3rd quarter valued at $163,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Stock Performance

Shares of FIGS stock opened at $3.95 on Friday. FIGS, Inc. has a 52-week low of $3.66 and a 52-week high of $7.06. The company has a fifty day moving average of $5.03 and a 200-day moving average of $5.59. The stock has a market capitalization of $641.14 million, a price-to-earnings ratio of 65.75, a price-to-earnings-growth ratio of 31.62 and a beta of 1.26.

Insiders Place Their Bets

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FIGS has been the subject of several research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research report on Friday, February 28th. The Goldman Sachs Group cut their price objective on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th.

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.