Bamco Inc. NY Has $205.41 Million Position in FIGS, Inc. (NYSE:FIGS)

Bamco Inc. NY grew its stake in FIGS, Inc. (NYSE:FIGS) by 12.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,030,078 shares of the company’s stock after buying an additional 3,342,755 shares during the period. Bamco Inc. NY owned 17.58% of FIGS worth $205,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Squarepoint Ops LLC boosted its stake in shares of FIGS by 318.1% in the 2nd quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock valued at $8,081,000 after purchasing an additional 1,153,481 shares during the last quarter. Rice Hall James & Associates LLC acquired a new position in FIGS in the second quarter valued at $3,856,000. Millennium Management LLC boosted its position in FIGS by 296.4% during the second quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock valued at $3,323,000 after acquiring an additional 466,252 shares during the last quarter. Algert Global LLC grew its holdings in FIGS by 175.4% during the 2nd quarter. Algert Global LLC now owns 638,306 shares of the company’s stock worth $3,402,000 after acquiring an additional 406,556 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of FIGS by 16.2% in the 2nd 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 in the last quarter. 92.21% of the stock is currently owned by institutional investors.

FIGS Stock Performance

Shares of FIGS stock opened at $5.19 on Monday. The stock has a market capitalization of $881.31 million, a PE ratio of 86.50, a price-to-earnings-growth ratio of 249.12 and a beta of 1.44. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.98. The stock has a 50 day moving average price of $5.96 and a two-hundred day moving average price of $5.70.

Analysts Set New Price Targets

Several brokerages recently commented on FIGS. Barclays cut their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. The Goldman Sachs Group increased their price target on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a report on Friday, August 9th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.40.

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.