Oppenheimer & Co. Inc. Lowers Position in FIGS, Inc. (NYSE:FIGS)

Oppenheimer & Co. Inc. lowered its stake in shares of FIGS, Inc. (NYSE:FIGSFree Report) by 7.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 35,789 shares of the company’s stock after selling 2,808 shares during the period. Oppenheimer & Co. Inc.’s holdings in FIGS were worth $211,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. MetLife Investment Management LLC purchased a new position in shares of FIGS during the 1st quarter valued at approximately $51,000. Canada Pension Plan Investment Board purchased a new position in FIGS during the first quarter valued at $101,000. Rockefeller Capital Management L.P. acquired a new stake in shares of FIGS in the fourth quarter valued at about $33,000. Ensign Peak Advisors Inc purchased a new stake in shares of FIGS during the first quarter worth about $143,000. Finally, Lazard Asset Management LLC raised its position in shares of FIGS by 158.9% during the 4th quarter. Lazard Asset Management LLC now owns 8,286 shares of the company’s stock worth $55,000 after purchasing an additional 5,085 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at FIGS

In related news, insider Heather L. Hasson sold 380,010 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $7.40, for a total transaction of $2,812,074.00. Following the completion of the sale, the insider now directly owns 698,884 shares in the company, valued at $5,171,741.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Heather L. Hasson sold 380,010 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $7.40, for a total value of $2,812,074.00. Following the completion of the transaction, the insider now directly owns 698,884 shares in the company, valued at $5,171,741.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniella Turenshine sold 10,933 shares of FIGS stock in a transaction on Monday, December 4th. The shares were sold at an average price of $7.39, for a total value of $80,794.87. Following the completion of the sale, the chief financial officer now owns 441,623 shares in the company, valued at approximately $3,263,593.97. The disclosure for this sale can be found here. Insiders sold a total of 508,295 shares of company stock worth $3,705,574 in the last three months. 21.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays upgraded FIGS from an “underweight” rating to an “equal weight” rating and set a $7.00 price objective for the company in a research note on Wednesday, January 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $11.00 price objective on shares of FIGS in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.71.

View Our Latest Analysis on FIGS

FIGS Price Performance

FIGS stock opened at $6.57 on Tuesday. FIGS, Inc. has a 1 year low of $5.16 and a 1 year high of $9.81. The firm has a market capitalization of $1.11 billion, a PE ratio of 82.14, a price-to-earnings-growth ratio of 2.83 and a beta of 1.56. The business has a 50 day simple moving average of $6.55 and a 200-day simple moving average of $6.40.

FIGS Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding FIGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FIGS, Inc. (NYSE:FIGSFree Report).

Institutional Ownership by Quarter for FIGS (NYSE:FIGS)

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