Posted by admin on Aug 18th, 2022
Fathom Digital Manufacturing (NYSE:FATH – Get Rating) had its price target reduced by equities research analysts at Needham & Company LLC from $9.00 to $6.00 in a research note issued on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 56.25% from the company’s previous close.
A number of other research firms have also recently commented on FATH. Bank of America assumed coverage on shares of Fathom Digital Manufacturing in a research report on Friday, May 13th. They set a “neutral” rating and a $7.00 target price for the company. Craig Hallum decreased their target price on shares of Fathom Digital Manufacturing to $9.00 and set a “na” rating for the company in a research report on Tuesday, May 17th.
NYSE FATH opened at $3.84 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average price is $4.02 and its 200-day moving average price is $6.04. Fathom Digital Manufacturing has a 52-week low of $3.18 and a 52-week high of $11.50.
Fathom Digital Manufacturing (NYSE:FATH – Get Rating) last posted its earnings results on Monday, May 16th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $40.54 million for the quarter, compared to the consensus estimate of $41.30 million. On average, equities analysts forecast that Fathom Digital Manufacturing will post 0.04 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Centiva Capital LP purchased a new position in shares of Fathom Digital Manufacturing in the fourth quarter worth $198,000. State Street Corp increased its stake in shares of Fathom Digital Manufacturing by 57.8% in the first quarter. State Street Corp now owns 23,998 shares of the company’s stock worth $148,000 after acquiring an additional 8,786 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Fathom Digital Manufacturing in the first quarter worth $113,000. Northern Trust Corp acquired a new stake in shares of Fathom Digital Manufacturing in the first quarter worth $103,000. Finally, Rhumbline Advisers acquired a new stake in shares of Fathom Digital Manufacturing in the second quarter worth $53,000. Hedge funds and other institutional investors own 78.39% of the company’s stock.
Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching.
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