Ritholtz Wealth Management acquired a new stake in shares of FIGS, Inc. (NYSE:FIGS – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $62,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Clear Street Markets LLC bought a new stake in shares of FIGS during the fourth quarter valued at approximately $76,000. Kerrisdale Advisers LLC bought a new stake in shares of FIGS during the fourth quarter valued at approximately $639,000. Principal Financial Group Inc. increased its position in shares of FIGS by 369.7% during the fourth quarter. Principal Financial Group Inc. now owns 83,979 shares of the company’s stock valued at $565,000 after purchasing an additional 66,100 shares during the period. True Signal LP bought a new stake in shares of FIGS during the fourth quarter valued at approximately $84,000. Finally, Advisory Research Inc. bought a new stake in shares of FIGS during the fourth quarter valued at approximately $740,000. 91.78% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Roth Mkm started coverage on FIGS in a research report on Wednesday, May 3rd. They set a “buy” rating and a $9.00 price objective on the stock. Oppenheimer decreased their price target on FIGS from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 21st. Finally, Barclays lowered FIGS from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, FIGS has an average rating of “Hold” and an average price target of $8.94.
FIGS Stock Performance
FIGS (NYSE:FIGS – Free Report) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $120.23 million for the quarter, compared to analyst estimates of $112.65 million. FIGS had a return on equity of 7.06% and a net margin of 2.75%. The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. On average, equities research analysts predict that FIGS, Inc. will post 0.06 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Heather L. Hasson sold 74,173 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $8.34, for a total transaction of $618,602.82. Following the completion of the sale, the insider now owns 1,429,004 shares in the company, valued at $11,917,893.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Heather L. Hasson sold 88,819 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $8.45, for a total transaction of $750,520.55. Following the completion of the sale, the insider now owns 1,331,142 shares in the company, valued at $11,248,149.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Heather L. Hasson sold 74,173 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $8.34, for a total value of $618,602.82. Following the sale, the insider now owns 1,429,004 shares of the company’s stock, valued at approximately $11,917,893.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 448,131 shares of company stock valued at $3,697,828. 21.40% of the stock is currently owned by corporate insiders.
About FIGS
FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and scrubwaer and non-scrubwear offerings, such as lab coats, under scrubs, outerwear, loungewear, compression socks footwear, and other lifestyle apparel.It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, fleeces, and jackets; necessities, including face masks, scrub caps, lanyards, badge reels, tote bags, baseball caps, and beanies.
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