According to Fintel, on May 26, 2023, Benchmark reaffirmed their coverage of Desktop Metal Inc – (NYSE:DM) with a buy recommendation.
Analyst Price Forecast Indicates 49.79% Upside
As of May 11, 2023, the average one-year price target for Desktop Metal Inc. is 2.62. The forecasts range from a low of 1.77 to a high of $5.25, representing an increase of 49.79% from the latest reported closing price of 1.75.
Check our list of companies with the highest price target upside.
The estimated annual revenue for Desktop Metal Inc is projected to be 279MM, an increase of 35.22%. The projected annual non-GAAP EPS is -0.24.
What is the Fund Sentiment?
354 funds or institutions reported positions in Desktop Metal Inc. This denotes an increase of 11 owners or 3.21% in the last quarter. The average portfolio weight of all funds dedicated to DM is 0.05%, an increase of 0.32%. Institutions’ total shares of Desktop Metal Inc. have increased by 5.08% in the last three months to 155,541K shares. The put/call ratio of DM is 3.28, indicating a bearish outlook.
What are Other Shareholders Doing?
NEA Management Company owns 14,399K shares, representing 4.48% of the company’s ownership. There has been no change in the last quarter.
Alphabet owns 11,049K shares, representing 3.44% of the company’s ownership, with no change in the last quarter.
Koch Industries owns 9,384K shares, representing 2.92% of the company’s ownership, with no change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 7,351K shares, representing 2.29% of the company’s ownership. In the prior filing, the firm reported owning 6,996K shares, representing an increase of 4.82%. The firm increased its portfolio allocation in DM by 64.06% over the last quarter.
Janus Henderson Group owns 6,826K shares, representing 2.12% of the company’s ownership. In the prior filing, the firm reported owning 6,775K shares, representing an increase of 0.75%. The firm decreased its portfolio allocation in DM by 47.91% over the last quarter.
Desktop Metal Background Information
(This description is provided by the company.)
Desktop Metal, Inc. is based in Burlington, Massachusetts, and is revolutionizing manufacturing with end-to-end 3D printing solutions. Founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, the company is solving the unmet challenges of speed, cost, and quality to make 3D printing an essential tool for engineers and global manufacturers. Desktop Metal was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum; named to MIT Technology Review’s list of 50 Smartest Companies, and recognized among the most significant innovations in engineering in Popular Science’s “Best of What’s New.”
This article was originally published on Fintel.
The opinions expressed in this article are solely those of the author and do not necessarily reflect the views of Nasdaq, Inc.