Marshall Wace LLP Has $9.18 Million Stock Position in FIGS, Inc. (NYSE:FIGS)

Marshall Wace LLP lessened its holdings in shares of FIGS, Inc. (NYSE:FIGS - Free Report) by 35.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,482,464 shares of the company's stock after selling 809,439 shares during the quarter. Marshall Wace LLP owned 0.87% of FIGS worth $9,176,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sugar Maple Asset Management LLC acquired a new stake in shares of FIGS during the fourth quarter worth about $43,000. Blue Trust Inc. raised its holdings in FIGS by 380.0% during the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company's stock worth $51,000 after buying an additional 5,864 shares during the period. Cibc World Markets Corp bought a new position in FIGS in the fourth quarter valued at approximately $75,000. Senvest Management LLC acquired a new position in shares of FIGS in the fourth quarter valued at approximately $84,000. Finally, Lane & Associates LLC bought a new stake in shares of FIGS during the fourth quarter worth $86,000. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on FIGS shares. Morgan Stanley cut their price objective on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $7.00 price objective on shares of FIGS in a research report on Friday, February 28th. Finally, The Goldman Sachs Group dropped their target price on FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, FIGS currently has an average rating of "Hold" and an average price target of $5.15.

FIGS Stock Performance

NYSE:FIGS opened at $3.89 on Wednesday. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $7.06. The company has a market cap of $631.39 million, a P/E ratio of 64.75, a P/E/G ratio of 31.62 and a beta of 1.18. The stock's 50-day simple moving average is $4.61 and its 200 day simple moving average is $5.36.

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.

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