129,130 Shares in FIGS, Inc. (NYSE:FIGS) Acquired by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV purchased a new stake in shares of FIGS, Inc. (NYSE:FIGS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 129,130 shares of the company’s stock, valued at approximately $897,000.

A number of other hedge funds have also modified their holdings of the company. Swiss National Bank grew its position in shares of FIGS by 1.1% during the third quarter. Swiss National Bank now owns 280,700 shares of the company’s stock worth $1,656,000 after purchasing an additional 3,100 shares in the last quarter. Corton Capital Inc. grew its holdings in FIGS by 76.1% during the 3rd quarter. Corton Capital Inc. now owns 22,130 shares of the company’s stock valued at $131,000 after buying an additional 9,563 shares in the last quarter. Octavia Wealth Advisors LLC bought a new stake in shares of FIGS during the fourth quarter valued at approximately $75,000. International Assets Investment Management LLC purchased a new position in shares of FIGS in the fourth quarter worth $76,000. Finally, Atria Wealth Solutions Inc. boosted its position in shares of FIGS by 31.1% during the third quarter. Atria Wealth Solutions Inc. now owns 55,200 shares of the company’s stock worth $326,000 after acquiring an additional 13,100 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

FIGS Stock Performance

FIGS remained flat at $4.82 during trading on Thursday. The company had a trading volume of 2,405,598 shares, compared to its average volume of 3,828,938. FIGS, Inc. has a 12 month low of $4.37 and a 12 month high of $8.84. The company has a market capitalization of $818.12 million, a PE ratio of 43.78, a P/E/G ratio of 15.47 and a beta of 1.48. The business’s 50 day moving average is $5.20 and its 200 day moving average is $6.03.

FIGS (NYSE:FIGS) last announced its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The business had revenue of $144.90 million during the quarter, compared to analyst estimates of $149.09 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts expect that FIGS, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Telsey Advisory Group downgraded shares of FIGS from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $11.00 to $6.00 in a report on Thursday, February 29th. Bank of America restated an “underperform” rating and set a $4.50 price objective (down previously from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. Oppenheimer downgraded FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Barclays cut their price target on FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. Finally, The Goldman Sachs Group decreased their price objective on FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.75.

Insider Activity

In other FIGS news, insider Heather L. Hasson sold 27,547 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $5.93, for a total value of $163,353.71. Following the transaction, the insider now directly owns 499,308 shares in the company, valued at approximately $2,960,896.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other FIGS news, insider Heather L. Hasson sold 27,547 shares of FIGS stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $5.93, for a total transaction of $163,353.71. Following the completion of the sale, the insider now directly owns 499,308 shares of the company’s stock, valued at approximately $2,960,896.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Daniella Turenshine sold 15,762 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total value of $87,321.48. Following the transaction, the chief financial officer now owns 409,858 shares in the company, valued at approximately $2,270,613.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,334 shares of company stock valued at $285,986. 21.40% of the stock is currently owned by company insiders.

FIGS 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.