ProShare Advisors LLC Acquires 112,722 Shares of FIGS, Inc. (NYSE:FIGS)

ProShare Advisors LLC boosted its holdings in shares of FIGS, Inc. (NYSE:FIGS) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 748,960 shares of the company’s stock after acquiring an additional 112,722 shares during the quarter. ProShare Advisors LLC owned approximately 0.44% of FIGS worth $4,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sugar Maple Asset Management LLC acquired a new position in FIGS during the fourth quarter valued at approximately $43,000. Blue Trust Inc. grew its stake in shares of FIGS by 395.3% in the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after acquiring an additional 6,099 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of FIGS in the fourth quarter worth $70,000. Cibc World Markets Corp acquired a new stake in shares of FIGS in the fourth quarter worth $75,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of FIGS in the fourth quarter worth $82,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FIGS shares. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price objective on shares of FIGS in a research note on Tuesday, May 13th. Morgan Stanley lowered their price objective on shares of FIGS from $4.75 to $4.25 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group lowered their price objective on shares of FIGS from $4.25 to $3.75 and set a “sell” rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays restated a “positive” rating on shares of FIGS in a research note on Tuesday, May 13th.

FIGS Price Performance

Shares of FIGS stock opened at $4.56 on Tuesday. The stock has a market cap of $741.09 million, a P/E ratio of 76.00, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20. FIGS, Inc. has a one year low of $3.57 and a one year high of $7.06. The stock has a fifty day moving average price of $4.34 and a 200 day moving average price of $5.10.

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.