Octavia Wealth Advisors LLC Invests $75,000 in FIGS, Inc. (NYSE:FIGS)

Octavia Wealth Advisors LLC bought a new position in FIGS, Inc. (NYSE:FIGS) during the fourth quarter, Holdings Channel.com reports. The firm bought 10,778 shares of the company’s stock, valued at approximately $75,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIGS. Ameriprise Financial Inc. boosted its stake in shares of FIGS by 121.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,079,980 shares of the company’s stock worth $29,972,000 after buying an additional 2,782,340 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of FIGS by 6.2% in the 3rd quarter. Bamco Inc. NY now owns 25,032,830 shares of the company’s stock worth $147,694,000 after buying an additional 1,470,706 shares during the last quarter. State Street Corp boosted its stake in shares of FIGS by 78.2% in the 2nd quarter. State Street Corp now owns 2,614,302 shares of the company’s stock worth $23,816,000 after buying an additional 1,146,907 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of FIGS by 27.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,141,192 shares of the company’s stock worth $34,601,000 after buying an additional 1,097,083 shares during the last quarter. Finally, Soros Fund Management LLC boosted its stake in shares of FIGS by 60.7% in the 1st quarter. Soros Fund Management LLC now owns 2,896,215 shares of the company’s stock worth $62,327,000 after buying an additional 1,094,393 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Activity

In other news, CFO Daniella Turenshine sold 4,201 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $6.00, for a total transaction of $25,206.00. Following the transaction, the chief financial officer now directly owns 425,620 shares of the company’s stock, valued at $2,553,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Heather L. Hasson sold 27,547 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $5.93, for a total transaction of $163,353.71. Following the transaction, the insider now directly owns 499,308 shares of the company’s stock, valued at $2,960,896.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniella Turenshine sold 4,201 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $6.00, for a total value of $25,206.00. Following the transaction, the chief financial officer now directly owns 425,620 shares in the company, valued at $2,553,720. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,334 shares of company stock valued at $285,986. 21.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on FIGS shares. Bank of America reiterated an “underperform” rating and issued a $4.50 price objective (down previously from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. 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. Oppenheimer lowered FIGS from an “outperform” rating to a “market perform” rating in a report on Friday, March 8th. Telsey Advisory Group lowered FIGS from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $11.00 to $6.00 in a report on Thursday, February 29th. Finally, The Goldman Sachs Group lowered their price objective on FIGS from $6.75 to $4.85 and set a “sell” rating on the stock in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.87.

FIGS Stock Up 1.3 %

NYSE FIGS opened at $4.72 on Thursday. The stock’s 50-day simple moving average is $5.38 and its two-hundred day simple moving average is $6.09. FIGS, Inc. has a twelve month low of $4.37 and a twelve month high of $8.84. The company has a market capitalization of $801.98 million, a price-to-earnings ratio of 42.91, a PEG ratio of 15.05 and a beta of 1.48.

FIGS (NYSE:FIGS) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $149.09 million. During the same quarter last year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts expect that FIGS, Inc. will post 0.06 earnings per share for the current fiscal year.

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.