Markforged (NYSE:MKFG - Get Free Report) had its price target dropped by stock analysts at Cantor Fitzgerald from $1.45 to $1.30 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Cantor Fitzgerald's price target indicates a potential upside of 128.07% from the company's current price.
Markforged Stock Performance
Shares of Markforged stock traded down $0.04 during trading hours on Thursday, reaching $0.57. 543,984 shares of the company were exchanged, compared to its average volume of 341,656. Markforged has a 1 year low of $0.50 and a 1 year high of $2.30. The stock's fifty day moving average is $0.70 and its 200 day moving average is $0.72. The firm has a market cap of $113.63 million, a PE ratio of -1.11 and a beta of 1.60.
Markforged (NYSE:MKFG - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $24.17 million during the quarter, compared to analysts' expectations of $20.95 million. Markforged had a negative return on equity of 25.97% and a negative net margin of 110.43%. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Research analysts expect that Markforged will post -0.2 earnings per share for the current year.
Institutional Trading of Markforged
Institutional investors and hedge funds have recently bought and sold shares of the business. Empirical Asset Management LLC grew its position in Markforged by 190.5% in the 4th quarter. Empirical Asset Management LLC now owns 30,500 shares of the company's stock worth $25,000 after purchasing an additional 20,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Markforged in the third quarter worth approximately $27,000. Arete Wealth Advisors LLC bought a new position in shares of Markforged during the 3rd quarter valued at $40,000. Citigroup Inc. bought a new stake in Markforged in the third quarter worth $59,000. Finally, GSA Capital Partners LLP increased its position in Markforged by 37.4% during the first quarter. GSA Capital Partners LLP now owns 525,683 shares of the company's stock worth $439,000 after buying an additional 142,965 shares during the last quarter. Institutional investors and hedge funds own 87.30% of the company's stock.
About Markforged
(
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Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.
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