FIGS, Inc. (NYSE:FIGS - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $4.05 and last traded at $4.09, with a volume of 1221113 shares traded. The stock had previously closed at $4.65.
Analyst Upgrades and Downgrades
A number of brokerages have commented on FIGS. Telsey Advisory Group reaffirmed 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 decreased their target price 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.
Get Our Latest Stock Analysis on FIGS
FIGS Trading Down 5.4 %
The business has a fifty day moving average of $4.91 and a 200-day moving average of $5.55. The company has a market cap of $587.51 million, a PE ratio of 60.25, a P/E/G ratio of 31.62 and a beta of 1.18.
Hedge Funds Weigh In On FIGS
Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in FIGS by 585.8% in the first quarter. GAMMA Investing LLC now owns 6,536 shares of the company's stock valued at $30,000 after acquiring an additional 5,583 shares in the last quarter. Pullen Investment Management LLC boosted its stake in shares of FIGS by 46.1% during the 4th quarter. Pullen Investment Management LLC now owns 112,236 shares of the company's stock valued at $695,000 after purchasing an additional 35,434 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of FIGS by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 256,344 shares of the company's stock valued at $1,587,000 after buying an additional 39,462 shares during the period. Two Sigma Advisers LP purchased a new position in shares of FIGS during the fourth quarter valued at about $888,000. Finally, Two Sigma Investments LP raised its stake in FIGS by 151.9% in the fourth quarter. Two Sigma Investments LP now owns 433,432 shares of the company's stock worth $2,683,000 after buying an additional 261,367 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.
About FIGS
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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.
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