Intrinsic Value Partners LLC Sells 3,000 Shares of FIGS, Inc. (NYSE:FIGS)

Intrinsic Value Partners LLC cut its holdings in FIGS, Inc. (NYSE:FIGS) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 63,435 shares of the company’s stock after selling 3,000 shares during the period. Intrinsic Value Partners LLC’s holdings in FIGS were worth $393,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in FIGS during the fourth quarter valued at approximately $43,000. Blue Trust Inc. boosted its holdings in FIGS by 395.3% during the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock valued at $47,000 after purchasing an additional 6,099 shares in the last quarter. Creative Planning boosted its holdings in shares of FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of FIGS in the 3rd quarter worth approximately $104,000. Finally, Aigen Investment Management LP boosted its holdings in shares of FIGS by 40.3% in the 3rd quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock worth $156,000 after acquiring an additional 6,562 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Heather L. Hasson sold 26,855 shares of the stock in a transaction dated Monday, January 6th. The shares were 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 directly owns 354,221 shares in the company, valued at $2,111,157.16. This represents a 7.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 22.30% of the stock is owned by company insiders.

FIGS Stock Performance

Shares of FIGS stock opened at $5.51 on Friday. The firm has a fifty day moving average of $5.79 and a two-hundred day moving average of $5.80. The stock has a market capitalization of $934.80 million, a price-to-earnings ratio of 91.75, a PEG ratio of 32.70 and a beta of 1.22. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.05.

Analyst Upgrades and Downgrades

FIGS has been the topic of several recent analyst reports. Barclays reduced their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 target price on shares of FIGS in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group reduced their target price on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, FIGS has a consensus rating of “Hold” and a consensus price target of $5.35.

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.