Sugar Maple Asset Management LLC Takes $43,000 Position in FIGS, Inc. (NYSE:FIGS)

Sugar Maple Asset Management LLC purchased a new stake in shares of FIGS, Inc. (NYSE:FIGS) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,000 shares of the company’s stock, valued at approximately $43,000.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of FIGS by 17.0% during the 2nd quarter. Rhumbline Advisers now owns 207,382 shares of the company’s stock worth $1,105,000 after acquiring an additional 30,077 shares during the last quarter. American Century Companies Inc. bought a new stake in FIGS in the second quarter worth $554,000. Seven Eight Capital LP bought a new stake in FIGS in the second quarter worth $144,000. ProShare Advisors LLC lifted its stake in FIGS by 9.6% in the second quarter. ProShare Advisors LLC now owns 839,785 shares of the company’s stock worth $4,476,000 after purchasing an additional 73,320 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in FIGS by 318.1% in the second quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock worth $8,081,000 after purchasing an additional 1,153,481 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FIGS

In related news, insider Heather L. Hasson sold 26,855 shares of the business’s 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 transaction, the insider now owns 354,221 shares in the company, valued at $2,111,157.16. The trade was a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.30% of the stock is owned by corporate insiders.

FIGS Price Performance

Shares of NYSE FIGS opened at $5.93 on Tuesday. FIGS, Inc. has a 1 year low of $4.30 and a 1 year high of $7.05. The company’s 50-day moving average is $5.57 and its 200 day moving average is $5.85. The stock has a market capitalization of $1.01 billion, a P/E ratio of 98.75, a P/E/G ratio of 35.64 and a beta of 1.24.

Wall Street Analyst Weigh In

FIGS has been the subject of several recent research reports. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of FIGS in a research note on Wednesday, November 13th. Barclays lowered their price objective on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group lowered 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, FIGS presently has an average rating of “Hold” and an average target price of $5.35.

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.