Bamco Inc. NY Buys 3,342,755 Shares of FIGS, Inc. (NYSE:FIGS)

Bamco Inc. NY grew its stake in FIGS, Inc. (NYSE:FIGS) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,030,078 shares of the company’s stock after purchasing an additional 3,342,755 shares during the quarter. Bamco Inc. NY owned approximately 0.18% of FIGS worth $205,406,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Creative Planning boosted its holdings in FIGS by 17.7% during the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in FIGS by 6.0% during the second quarter. The Manufacturers Life Insurance Company now owns 50,564 shares of the company’s stock worth $270,000 after purchasing an additional 2,879 shares during the last quarter. FMR LLC boosted its holdings in FIGS by 0.3% during the third quarter. FMR LLC now owns 1,155,092 shares of the company’s stock worth $7,901,000 after purchasing an additional 3,000 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in FIGS by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock valued at $316,000 after buying an additional 4,038 shares during the last quarter. Finally, Aigen Investment Management LP increased its stake in FIGS by 40.3% in the 3rd quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after buying an additional 6,562 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Trading Up 1.0 %

FIGS stock opened at $5.19 on Monday. The business’s 50 day simple moving average is $5.96 and its 200 day simple moving average is $5.70. FIGS, Inc. has a 12 month low of $4.30 and a 12 month high of $7.98. The company has a market cap of $881.31 million, a price-to-earnings ratio of 86.50, a PEG ratio of 249.12 and a beta of 1.44.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their target price on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a report on Friday, August 9th. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a research note on Wednesday, November 13th. Finally, Barclays lowered their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, FIGS has an average rating of “Hold” and a consensus target price of $5.40.

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.