Fintel reports that on May 26, 2023, Benchmark reiterated coverage of Desktop Metal Inc – (NYSE:DM) with a Buy recommendation.
Analyst Price Forecast Suggests 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. The average price target represents an increase of 49.79% from its latest reported closing price of 1.75.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Desktop Metal Inc – is 279MM, an increase of 35.22%. The projected annual non-GAAP EPS is -0.24.
What is the Fund Sentiment?
There are 354 funds or institutions reporting positions in Desktop Metal Inc -. This is an increase of 11 owner(s) or 3.21% in the last quarter. Average portfolio weight of all funds dedicated to DM is 0.05%, an increase of 0.32%. Total shares owned by institutions increased in the last three months by 5.08% 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 holds 14,399K shares representing 4.48% ownership of the company. No change in the last quarter.
Alphabet holds 11,049K shares representing 3.44% ownership of the company. No change in the last quarter.
Koch Industries holds 9,384K shares representing 2.92% ownership of the company. No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 7,351K shares representing 2.29% ownership of the company. In it’s 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 holds 6,826K shares representing 2.12% ownership of the company. In it’s 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., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with end-to-end 3D printing solutions. Founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make 3D printing an essential tool for engineers and manufacturers around the world. 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 important innovations in engineering in Popular Science’s “Best of What’s New.”
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
