Verus Capital Partners LLC Sells 2,632 Shares of FIGS, Inc. (NYSE:FIGS)

Verus Capital Partners LLC cut its holdings in FIGS, Inc. (NYSE:FIGS) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,264 shares of the company’s stock after selling 2,632 shares during the period. Verus Capital Partners LLC’s holdings in FIGS were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FIGS. GSA Capital Partners LLP purchased a new position in FIGS in the third quarter worth about $104,000. Malaga Cove Capital LLC increased its position in shares of FIGS by 18.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 214,122 shares of the company’s stock valued at $1,465,000 after purchasing an additional 33,278 shares during the last quarter. Pullen Investment Management LLC purchased a new stake in FIGS during the 3rd quarter valued at $525,000. International Assets Investment Management LLC raised its holdings in FIGS by 787.0% during the 3rd quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock valued at $950,000 after buying an additional 12,356 shares during the period. Finally, Creative Planning lifted its position in FIGS by 17.7% in the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after buying an additional 1,911 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FIGS shares. Barclays reduced their target price on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.40.

FIGS Stock Performance

FIGS stock opened at $5.07 on Thursday. FIGS, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $7.98. The company has a market capitalization of $866.26 million, a PE ratio of 84.50, a P/E/G ratio of 226.08 and a beta of 1.44. The company has a 50 day moving average price of $6.09 and a 200-day moving average price of $5.73.

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.