Penserra Capital Management LLC Has $4.53 Million Holdings in FIGS, Inc. (NYSE:FIGS)

Penserra Capital Management LLC lowered its stake in shares of FIGS, Inc. (NYSE:FIGS) by 18.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 662,893 shares of the company’s stock after selling 152,964 shares during the period. Penserra Capital Management LLC owned approximately 0.39% of FIGS worth $4,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of FIGS by 1.7% during the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after buying an additional 206,673 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of FIGS by 16.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,307,304 shares of the company’s stock worth $12,298,000 after acquiring an additional 322,358 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of FIGS by 318.1% in the second quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock valued at $8,081,000 after purchasing an additional 1,153,481 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of FIGS by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,066,727 shares of the company’s stock valued at $7,296,000 after purchasing an additional 59,672 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of FIGS by 9.6% during the second quarter. ProShare Advisors LLC now owns 839,785 shares of the company’s stock valued at $4,476,000 after purchasing an additional 73,320 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on FIGS. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a research note on Wednesday, November 13th. Barclays dropped their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group upped their price objective on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.40.

FIGS Price Performance

FIGS stock opened at $4.72 on Monday. The firm has a 50 day simple moving average of $6.01 and a two-hundred day simple moving average of $5.72. The stock has a market cap of $801.50 million, a PE ratio of 78.67, a P/E/G ratio of 226.08 and a beta of 1.44. FIGS, Inc. has a one year low of $4.30 and a one year high of $7.98.

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.