FIGS, Inc. (NYSE:FIGS) Short Interest Update

FIGS, Inc. (NYSE:FIGS) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 18,150,000 shares, a decline of 10.1% from the November 30th total of 20,200,000 shares. Based on an average daily trading volume, of 2,850,000 shares, the short-interest ratio is presently 6.4 days. Currently, 14.2% of the company’s stock are sold short.

FIGS Price Performance

FIGS traded down $0.06 on Wednesday, reaching $6.19. 1,721,408 shares of the stock were exchanged, compared to its average volume of 3,472,006. The company’s 50-day moving average price is $5.59 and its 200 day moving average price is $5.75. The firm has a market capitalization of $1.05 billion, a PE ratio of 103.17, a PEG ratio of 299.52 and a beta of 1.33. FIGS has a fifty-two week low of $4.30 and a fifty-two week high of $7.05.

Institutional Investors Weigh In On FIGS

A number of large investors have recently bought and sold shares of the company. Bamco Inc. NY boosted its holdings in FIGS by 12.5% in the third quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock valued at $205,406,000 after purchasing an additional 3,342,755 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of FIGS by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock valued at $20,369,000 after buying an additional 109,979 shares during the period. State Street Corp boosted its stake in shares of FIGS by 1.4% in the third quarter. State Street Corp now owns 2,743,494 shares of the company’s stock worth $18,765,000 after buying an additional 38,787 shares during the last quarter. Applied Fundamental Research LLC boosted its stake in shares of FIGS by 6.1% in the third quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock worth $18,114,000 after buying an additional 152,900 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in FIGS by 16.2% during the second quarter. Bank of New York Mellon Corp now owns 2,307,304 shares of the company’s stock worth $12,298,000 after acquiring an additional 322,358 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FIGS shares. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price target on shares of FIGS in a report on Wednesday, November 13th. The Goldman Sachs Group lowered their target price on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Finally, Barclays decreased their price objective on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Two equities 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 data from MarketBeat.com, FIGS has an average rating of “Hold” and an average price target of $5.35.

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.