HighTower Advisors LLC Sells 10,603 Shares of FIGS, Inc. (NYSE:FIGS)

HighTower Advisors LLC reduced its stake in shares of FIGS, Inc. (NYSE:FIGS) by 25.2% during the third quarter, Holdings Channel reports. The firm owned 31,468 shares of the company’s stock after selling 10,603 shares during the quarter. HighTower Advisors LLC’s holdings in FIGS were worth $215,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Creative Planning boosted its position in shares of FIGS by 17.7% in 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 in the last quarter. International Assets Investment Management LLC raised its stake in FIGS by 787.0% during the third quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock valued at $950,000 after buying an additional 12,356 shares during the last quarter. Verus Capital Partners LLC bought a new stake in FIGS in the second quarter worth $79,000. GSA Capital Partners LLP purchased a new stake in shares of FIGS in the third quarter worth $104,000. Finally, Aigen Investment Management LP increased its holdings in shares of FIGS by 40.3% during the third quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after acquiring an additional 6,562 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

FIGS Stock Performance

Shares of NYSE:FIGS opened at $5.62 on Thursday. The firm has a market cap of $954.33 million, a price-to-earnings ratio of 93.67, a price-to-earnings-growth ratio of 299.52 and a beta of 1.33. The business has a 50-day simple moving average of $5.62 and a two-hundred day simple moving average of $5.72. FIGS, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $7.98.

Analysts Set New Price Targets

FIGS has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research note on Wednesday, November 13th. Finally, Barclays reduced their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, FIGS 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.