Desktop Metal Target of Unusually High Options Trading (NYSE:DM)

Desktop Metal, Inc. (NYSE:DM - Get Free Report) was the recipient of some unusual options trading on Monday. Stock investors purchased 30,061 put options on the stock. This is an increase of 2,418% compared to the average volume of 1,194 put options.

Wall Street Analyst Weigh In

DM has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on Desktop Metal in a research report on Wednesday, February 28th. They set an "overweight" rating and a $1.25 target price on the stock. StockNews.com assumed coverage on Desktop Metal in a report on Saturday, March 2nd. They set a "sell" rating for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DM. Park Avenue Securities LLC purchased a new stake in Desktop Metal during the 3rd quarter worth about $29,000. Arete Wealth Advisors LLC purchased a new stake in shares of Desktop Metal in the 1st quarter valued at about $29,000. Pathstone Holdings LLC purchased a new stake in shares of Desktop Metal in the 4th quarter valued at about $32,000. Rockefeller Capital Management L.P. raised its holdings in shares of Desktop Metal by 25.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 24,500 shares of the pipeline company's stock valued at $33,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Desktop Metal by 29.8% in the 2nd quarter. Prudential Financial Inc. now owns 16,244 shares of the pipeline company's stock valued at $36,000 after acquiring an additional 3,730 shares in the last quarter. Hedge funds and other institutional investors own 56.31% of the company's stock.

Desktop Metal Stock Up 13.8 %

Desktop Metal stock traded up $0.13 during trading on Monday, hitting $1.06. 3,472,964 shares of the company were exchanged, compared to its average volume of 3,615,346. The business's 50 day moving average is $0.66 and its 200 day moving average is $0.81. Desktop Metal has a 52 week low of $0.46 and a 52 week high of $2.37. The company has a market capitalization of $349.42 million, a P/E ratio of -1.09 and a beta of 0.68. The company has a current ratio of 3.08, a quick ratio of 1.90 and a debt-to-equity ratio of 0.47.

Desktop Metal (NYSE:DM - Get Free Report) last announced its quarterly earnings data on Friday, March 15th. The pipeline company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $52.35 million during the quarter. Desktop Metal had a negative net margin of 170.41% and a negative return on equity of 29.25%. During the same period in the previous year, the business earned ($0.11) EPS. Analysts predict that Desktop Metal will post -0.15 earnings per share for the current year.

Desktop Metal Company Profile

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.