EntryPoint Capital LLC Purchases New Stake in FIGS, Inc. (NYSE:FIGS)

EntryPoint Capital LLC acquired a new position in shares of FIGS, Inc. (NYSE:FIGS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,648 shares of the company’s stock, valued at approximately $214,000.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in FIGS by 3.8% in the third quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock valued at $20,369,000 after purchasing an additional 109,979 shares during the last quarter. Barclays PLC increased its stake in shares of FIGS by 152.5% in the 3rd quarter. Barclays PLC now owns 286,974 shares of the company’s stock valued at $1,963,000 after acquiring an additional 173,316 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of FIGS in the 4th quarter valued at approximately $12,152,000. Blue Trust Inc. boosted its stake in FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after acquiring an additional 6,099 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in FIGS during the fourth quarter valued at approximately $749,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIGS has been the topic of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of FIGS in a report on Friday, February 28th. The Goldman Sachs Group dropped their price objective on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, FIGS presently has an average rating of “Hold” and an average price target of $5.35.

FIGS Stock Down 3.4 %

Shares of NYSE:FIGS opened at $4.69 on Friday. The firm has a market cap of $762.87 million, a price-to-earnings ratio of 78.23, a PEG ratio of 31.62 and a beta of 1.26. FIGS, Inc. has a 12 month low of $4.18 and a 12 month high of $7.06. The company’s fifty day simple moving average is $5.20 and its 200 day simple moving average is $5.63.

Insider Buying and Selling at FIGS

In other news, insider Heather L. Hasson sold 26,855 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,111,157.16. This trade represents a 7.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 22.30% of the company’s stock.

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.