Posted by admin on May 13th, 2022
Equities researchers at Bank of America initiated coverage on shares of Fathom Digital Manufacturing (NYSE:FATH – Get Rating) in a report issued on Friday, The Fly reports. The brokerage set a “neutral” rating on the stock.
Several other analysts have also weighed in on the stock. Craig Hallum initiated coverage on shares of Fathom Digital Manufacturing in a research report on Wednesday, January 19th. They set a “buy” rating and a $11.00 target price on the stock. Needham & Company LLC started coverage on shares of Fathom Digital Manufacturing in a research report on Monday, January 24th. They set a “buy” rating and a $12.00 target price on the stock. Zacks Investment Research downgraded shares of Fathom Digital Manufacturing from a “buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus started coverage on shares of Fathom Digital Manufacturing in a report on Friday, February 18th. They set a “buy” rating and a $11.00 price target for the company. Finally, Lake Street Capital cut their price target on shares of Fathom Digital Manufacturing from $12.50 to $9.00 in a report on Monday, March 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.25.
Shares of Fathom Digital Manufacturing stock opened at $6.17 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.95 and a debt-to-equity ratio of 0.29. The company’s 50-day simple moving average is $7.09. Fathom Digital Manufacturing has a twelve month low of $5.04 and a twelve month high of $11.50.
A number of hedge funds have recently made changes to their positions in FATH. Tuttle Capital Management LLC bought a new position in shares of Fathom Digital Manufacturing in the fourth quarter worth about $42,000. Siguler Guff Advisers LLC bought a new position in shares of Fathom Digital Manufacturing in the fourth quarter worth about $139,738,000. State Street Corp bought a new position in shares of Fathom Digital Manufacturing in the fourth quarter worth about $120,000. Centiva Capital LP bought a new position in shares of Fathom Digital Manufacturing in the fourth quarter worth about $198,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Fathom Digital Manufacturing in the fourth quarter worth about $164,000. 78.39% of the stock is owned by hedge funds and other institutional investors.
About Fathom Digital Manufacturing (Get Rating)
Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, CNC machining, injection molding and tooling, and sheet metal fabrication, as well as urethane casting, model assembly and finishing, engineering and design support, and quality inspection services for the technology, defense, aerospace, medical, automotive, and IOT sectors.
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