FIGS, Inc. (NYSE:FIGS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in FIGS, Inc. (NYSE:FIGS) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,106 shares of the company’s stock after selling 4,009 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FIGS were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Bamco Inc. NY increased its holdings in shares of FIGS by 6.2% in the 3rd quarter. Bamco Inc. NY now owns 25,032,830 shares of the company’s stock valued at $147,694,000 after acquiring an additional 1,470,706 shares during the period. Vanguard Group Inc. increased its holdings in shares of FIGS by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 12,278,070 shares of the company’s stock valued at $72,441,000 after acquiring an additional 538,251 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of FIGS by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 923,080 shares of the company’s stock valued at $5,446,000 after acquiring an additional 30,793 shares during the period. Wellington Management Group LLP acquired a new position in FIGS in the 3rd quarter valued at $4,306,000. Finally, Dark Forest Capital Management LP increased its stake in FIGS by 51.1% in the 3rd quarter. Dark Forest Capital Management LP now owns 695,422 shares of the company’s stock valued at $4,103,000 after buying an additional 235,241 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on FIGS shares. Oppenheimer cut shares of FIGS from an “outperform” rating to a “market perform” rating in a research note on Friday, March 8th. The Goldman Sachs Group dropped their price objective on shares of FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price objective on shares of FIGS in a research note on Friday, May 3rd. Bank of America reissued an “underperform” rating and issued a $4.50 price objective (down from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. Finally, Barclays lowered their price target on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.94.

Insider Buying and Selling at FIGS

In other news, CFO Daniella Turenshine sold 15,762 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total transaction of $87,321.48. Following the transaction, the chief financial officer now directly owns 409,858 shares in the company, valued at approximately $2,270,613.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 22.30% of the stock is owned by insiders.

FIGS Stock Up 3.2 %

FIGS stock opened at $5.16 on Thursday. FIGS, Inc. has a 52 week low of $4.37 and a 52 week high of $8.84. The firm’s 50-day simple moving average is $5.03 and its 200 day simple moving average is $5.96. The firm has a market capitalization of $876.74 million, a PE ratio of 46.91, a P/E/G ratio of 19.95 and a beta of 1.41.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. FIGS had a net margin of 4.15% and a return on equity of 6.72%. The business had revenue of $144.90 million for the quarter, compared to analyst estimates of $149.09 million. During the same period in the previous year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts expect that FIGS, Inc. will post 0.05 EPS for the current fiscal year.

About FIGS

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.