Fathom Digital Manufacturing (NYSE:FATH) Trading Down 0.7%

Fathom Digital Manufacturing Co. (NYSE:FATH – Get Rating)’s stock price dropped 0.7% during mid-day trading on Tuesday . The company traded as low as $1.38 and last traded at $1.40. Approximately 74,841 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 76,310 shares. The stock had previously closed at $1.41.

Wall Street Analyst Weigh In

FATH has been the topic of a number of research analyst reports. Needham & Company LLC decreased their price target on Fathom Digital Manufacturing from $6.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, November 15th. Craig Hallum decreased their price target on Fathom Digital Manufacturing to $4.00 in a research note on Thursday, November 17th. Finally, JPMorgan Chase & Co. started coverage on Fathom Digital Manufacturing in a research note on Friday, November 11th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.90.

Fathom Digital Manufacturing Trading Down 0.7 %

The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $1.95 and a 200-day simple moving average of $2.63.

Fathom Digital Manufacturing (NYSE:FATH – Get Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Fathom Digital Manufacturing had a positive return on equity of 5.88% and a negative net margin of 244.53%. The business had revenue of $40.21 million for the quarter, compared to analysts’ expectations of $40.00 million. On average, equities analysts forecast that Fathom Digital Manufacturing Co. will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Siguler Guff Advisers LLC boosted its position in Fathom Digital Manufacturing by 5.0% during the 3rd quarter. Siguler Guff Advisers LLC now owns 18,395,421 shares of the company’s stock worth $37,343,000 after acquiring an additional 875,514 shares during the period. Keebeck Wealth Management LLC acquired a new stake in shares of Fathom Digital Manufacturing during the third quarter worth $5,311,000. CVA Family Office LLC acquired a new stake in shares of Fathom Digital Manufacturing during the third quarter worth $4,647,000. ARK Investment Management LLC raised its position in Fathom Digital Manufacturing by 33.9% during the fourth quarter. ARK Investment Management LLC now owns 1,570,810 shares of the company’s stock valued at $2,073,000 after buying an additional 397,737 shares during the period. Finally, BlackRock Inc. raised its position in Fathom Digital Manufacturing by 4.1% during the third quarter. BlackRock Inc. now owns 351,484 shares of the company’s stock valued at $713,000 after buying an additional 13,686 shares during the period. 21.60% of the stock is currently owned by institutional investors.

Fathom Digital Manufacturing Company Profile

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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.