Lineweaver Wealth Advisors LLC Reduces Stake in FIGS, Inc. (NYSE:FIGS)

Lineweaver Wealth Advisors LLC trimmed its stake in FIGS, Inc. (NYSE:FIGS) by 38.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of FIGS by 17.7% during the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after buying an additional 1,911 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of FIGS by 787.0% during the third quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock worth $950,000 after acquiring an additional 12,356 shares in the last quarter. Malaga Cove Capital LLC lifted its holdings in shares of FIGS by 18.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 214,122 shares of the company’s stock worth $1,465,000 after acquiring an additional 33,278 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of FIGS in the 3rd quarter valued at $104,000. Finally, Aigen Investment Management LP grew its holdings in shares of FIGS by 40.3% during the 3rd quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after purchasing an additional 6,562 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FIGS shares. The Goldman Sachs Group lowered their price target 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. Barclays lowered their target price on 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, Telsey Advisory Group restated a “market perform” rating and set a $7.00 price target on shares of FIGS in a research report on Thursday, February 20th. 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 stock. According to data from MarketBeat, FIGS currently has an average rating of “Hold” and an average price target of $5.35.

FIGS Price Performance

FIGS opened at $5.71 on Thursday. FIGS, Inc. has a one year low of $4.30 and a one year high of $7.05. The business has a 50 day simple moving average of $5.74 and a two-hundred day simple moving average of $5.77. The firm has a market capitalization of $969.62 million, a price-to-earnings ratio of 95.17, a PEG ratio of 31.62 and a beta of 1.22.

Insider Activity

In other news, insider Heather L. Hasson sold 26,855 shares of FIGS 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.30% of the company’s stock.

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.