Lineweaver Wealth Advisors LLC Trims Holdings in FIGS, Inc. (NYSE:FIGS)

Lineweaver Wealth Advisors LLC reduced its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 38.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the company’s stock after selling 8,000 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in FIGS were worth $80,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FIGS. Bamco Inc. NY increased its stake in shares of FIGS by 12.5% during 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 in the last quarter. Bank of New York Mellon Corp increased its position in FIGS by 83.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company’s stock valued at $14,331,000 after buying an additional 1,052,384 shares in the last quarter. JPMorgan Chase & Co. raised its stake in FIGS by 165.4% during the third quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company’s stock valued at $4,091,000 after buying an additional 372,693 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in FIGS by 53.6% in the third quarter. Landscape Capital Management L.L.C. now owns 829,173 shares of the company’s stock worth $5,672,000 after acquiring an additional 289,317 shares in the last quarter. Finally, Barclays PLC boosted its holdings in FIGS by 152.5% in the third quarter. Barclays PLC now owns 286,974 shares of the company’s stock worth $1,963,000 after acquiring an additional 173,316 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. The Goldman Sachs Group reduced their price objective 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, Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research note on Thursday, February 20th. Two research 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.35.

FIGS Price Performance

Shares of NYSE:FIGS opened at $5.71 on Thursday. FIGS, Inc. has a 1 year low of $4.30 and a 1 year high of $7.05. The company has a market cap of $969.62 million, a P/E ratio of 95.17, a PEG ratio of 31.62 and a beta of 1.22. The stock’s fifty day moving average price is $5.74 and its 200-day moving average price is $5.77.

Insiders Place Their Bets

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of FIGS stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.96, for a total value of $160,055.80. Following the completion of the sale, the insider now owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.30% of the stock is owned by insiders.

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.