Markforged Holding Co. (NYSE:MKFG – Free Report) – Research analysts at William Blair increased their FY2023 earnings per share estimates for shares of Markforged in a research report issued to clients and investors on Tuesday, November 14th. William Blair analyst B. Drab now expects that the company will post earnings of ($0.27) per share for the year, up from their previous forecast of ($0.30). William Blair has a “Market Perform” rating on the stock. The consensus estimate for Markforged’s current full-year earnings is ($0.30) per share. William Blair also issued estimates for Markforged’s Q4 2023 earnings at ($0.07) EPS and FY2024 earnings at ($0.22) EPS.
Other equities research analysts also recently issued research reports about the company. Credit Suisse Group reissued a “neutral” rating and set a $1.70 price objective on shares of Markforged in a report on Friday, August 11th. Craig Hallum lowered shares of Markforged from a “buy” rating to a “hold” rating and cut their target price for the stock from $2.50 to $1.00 in a research report on Wednesday, October 25th.
Markforged Stock Performance
Shares of NYSE MKFG opened at $0.88 on Thursday. The stock has a 50 day moving average price of $1.10 and a 200 day moving average price of $1.17. The stock has a market capitalization of $174.53 million, a PE ratio of -1.73 and a beta of 1.40. Markforged has a 52 week low of $0.62 and a 52 week high of $2.30.
Hedge Funds Weigh In On Markforged
Hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. purchased a new position in shares of Markforged in the first quarter worth about $34,000. Price T Rowe Associates Inc. MD raised its position in Markforged by 73.3% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 18,208 shares of the company’s stock worth $37,000 after buying an additional 7,701 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Markforged in the 3rd quarter valued at about $27,000. Bank of America Corp DE boosted its stake in shares of Markforged by 243.6% during the 1st quarter. Bank of America Corp DE now owns 20,109 shares of the company’s stock worth $81,000 after purchasing an additional 14,257 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Markforged during the 4th quarter worth about $29,000. 52.93% of the stock is currently owned by institutional investors.
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, industrial automation, space exploration, healthcare, and automotive industries.
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