Keebeck Partners LLC recently announced the acquisition of new stake in Fathom Digital Manufacturing Corporation (NYSE:FATH). This fresh investment now brings its stake to 3.99% valued currently at $3.45 million. In addition, CVA Family Office LLC raised its holdings by 2.29 million to 2.29 million shares. And ARK Investment Management LLC has lifted its position by 23.51% or 0.22 million shares – to 1.17 million shares.
With over 0.32 million Fathom Digital Manufacturing Corporation (FATH) shares trading Friday and a closing price of $1.40 on the day, the dollar volume was approximately $0.45 million. The shares have shown a negative half year performance of -66.43% and its price on 01/20/23 lost nearly -17.16%. Currently, there are 62.82M common shares owned by the public and among those 59.17M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for FATH have a consensus price objective of $3.75. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $3.50. The average price target is 62.67% above its recent price level and an upside to the estimated low will see the stock gain 60.0% over that period. But an upside of 65.0% will see the stock hit the forecast high price target while median target price for the stock is $3.75.
Insiders at the company have transacted a total of 29 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 420,210 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 599,788 shares.
The top 3 mutual fund holders in Fathom Digital Manufacturing Corporation are ARK 3D Printing ETF, iShares Russell 2000 Value ETF, and Marshall Wace UCITS Funds Plc – M. ARK 3D Printing ETF owns 1.57 million shares of the company’s stock, all valued at over $2.07 million. iShares Russell 2000 Value ETF sold 704.0 shares to see its total holdings shrink to 0.11 million shares valued at over $0.14 million and representing 0.17% of the shares outstanding. Marshall Wace UCITS Funds Plc – M bought 75940.0 shares to bring its total holdings to over 75940.0 shares at a value of $0.1 million. Marshall Wace UCITS Funds Plc – M now owns shares totaling to 0.12% of the shares outstanding.
Shares of Fathom Digital Manufacturing Corporation (NYSE: FATH) opened at $1.86, up $0.17 from a prior closing price of $1.69. However, the script later moved the day high at 1.9200, down -17.16%. The company’s stock has a 5-day price change of -20.90% and -27.84% over the past three months. FATH shares are trading 6.06% year to date (YTD), with the 12-month market performance down to -84.29% lower. It has a 12-month low price of $1.25 and touched a high of $11.50 over the same period. FATH has an average intraday trading volume of 65.63K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.82%, -31.77%, and -61.24% respectively.
Institutional ownership of Fathom Digital Manufacturing Corporation (NYSE: FATH) shares accounts for 79.40% of the company’s 62.82M shares outstanding. Mutual fund holders own 3.16%, while other institutional holders and individual stakeholders account for 6.43% and 10.75% respectively.
It has a market capitalization of $229.31M. The earnings-per-share (ttm) stands at -$7.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.85% over the week and 12.49% over the month.
Analysts forecast that Fathom Digital Manufacturing Corporation (FATH) will achieve an EPS of -$0.01 for the current quarter, $0 for the next quarter and $0.03 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0.01. Earnings per share for the fiscal year are expected to increase by 325.60%, and 33.30% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Fathom Digital Manufacturing Corporation (FATH) as a “Strong Buy” at a consensus score of 1.80. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
BofA Securities coverage for the Fathom Digital Manufacturing Corporation (FATH) stock in a research note released on May 13, 2022 offered a Neutral rating with a price target of $7. Stifel was of a view on February 18, 2022 that the stock is Buy, while Needham gave the stock Buy rating on January 24, 2022, issuing a price target of $12. Craig Hallum on their part issued Buy rating on January 19, 2022.
