FIGS, Inc. (NYSE:FIGS) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC increased its holdings in FIGS, Inc. (NYSE:FIGS) by 972.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,997 shares of the company’s stock after acquiring an additional 31,733 shares during the quarter. Headlands Technologies LLC’s holdings in FIGS were worth $187,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise lifted its stake in shares of FIGS by 50.0% in the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock worth $30,000 after acquiring an additional 2,000 shares in the last quarter. Dakota Wealth Management acquired a new stake in FIGS during the second quarter valued at approximately $57,000. Verus Capital Partners LLC acquired a new stake in FIGS during the second quarter valued at approximately $79,000. Janney Montgomery Scott LLC raised its stake in FIGS by 23.6% during the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after buying an additional 3,247 shares in the last quarter. Finally, Lineweaver Wealth Advisors LLC acquired a new stake in FIGS during the first quarter valued at approximately $95,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

FIGS has been the topic of several research reports. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price objective on shares of FIGS in a research note on Monday, August 5th. 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 research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, FIGS has a consensus rating of “Hold” and an average target price of $5.40.

FIGS Trading Up 6.0 %

Shares of FIGS stock opened at $5.50 on Friday. The business’s 50 day simple moving average is $5.80 and its 200-day simple moving average is $5.38. The stock has a market capitalization of $939.73 million, a price-to-earnings ratio of 50.00, a PEG ratio of 71.07 and a beta of 1.42. FIGS, Inc. has a twelve month low of $4.30 and a twelve month high of $7.98.

FIGS (NYSE:FIGS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The business had revenue of $144.23 million during the quarter, compared to analyst estimates of $142.25 million. During the same period in the prior year, the company posted $0.02 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts predict that FIGS, Inc. will post 0.03 earnings per share for the current year.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total transaction of $228,849.30. Following the completion of the transaction, the insider now directly owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 44,591 shares of company stock valued at $255,460. 22.30% of the stock is owned by corporate insiders.

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.