34,648 Shares in FIGS, Inc. (NYSE:FIGS) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new position in shares of FIGS, Inc. (NYSE:FIGS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 34,648 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC bought a new stake in shares of FIGS in the third quarter valued at about $197,000. Charles Schwab Investment Management Inc. raised its stake in FIGS by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,066,727 shares of the company’s stock worth $7,296,000 after purchasing an additional 59,672 shares in the last quarter. FMR LLC boosted its holdings in FIGS by 0.3% in the 3rd quarter. FMR LLC now owns 1,155,092 shares of the company’s stock valued at $7,901,000 after purchasing an additional 3,000 shares during the period. Paloma Partners Management Co acquired a new position in shares of FIGS during the 3rd quarter worth approximately $163,000. Finally, Bamco Inc. NY increased its holdings in shares of FIGS by 12.5% during the third quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock worth $205,406,000 after purchasing an additional 3,342,755 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

FIGS has been the subject of several recent research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 price target on shares of FIGS in a research note on Friday, February 28th. The Goldman Sachs Group cut their target price on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, FIGS currently has a consensus rating of “Hold” and an average target price of $5.35.

FIGS Price Performance

Shares of NYSE:FIGS opened at $4.69 on Friday. FIGS, Inc. has a 1 year low of $4.18 and a 1 year high of $7.06. The stock has a market capitalization of $762.87 million, a price-to-earnings ratio of 78.23, a price-to-earnings-growth ratio of 31.62 and a beta of 1.26. The company’s 50 day simple moving average is $5.20 and its 200 day simple moving average is $5.63.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the completion of the transaction, the insider now owns 354,221 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.30% of the company’s stock.

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.