Fathom Digital Manufacturing (NYSE:FATH) Upgraded to “Buy” by Zacks Investment Research

Fathom Digital Manufacturing (NYSE:FATH – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The brokerage presently has a $8.25 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 14.74% from the company’s previous close.

According to Zacks, “Fathom Holdco LLC provides an on-demand digital manufacturing platforms in North America, serving the comprehensive product development and low- to mid-volume manufacturing needs. Fathom Holdco LLC, formerly known as Altimar Acquisition Corp. II, is based in NEW YORK. “

FATH has been the topic of several other reports. Craig Hallum started coverage on shares of Fathom Digital Manufacturing in a research report on Wednesday, January 19th. They set a “buy” rating and a $11.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Fathom Digital Manufacturing in a research report on Friday, February 18th. They set a “buy” rating and a $11.00 price objective 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 price objective on the stock. Finally, Lake Street Capital decreased their price objective on shares of Fathom Digital Manufacturing from $12.50 to $9.00 in a research report on Monday, March 7th.

FATH traded down $0.11 during trading on Wednesday, hitting $7.19. The company’s stock had a trading volume of 51,759 shares, compared to its average volume of 450,819. Fathom Digital Manufacturing has a one year low of $5.04 and a one year high of $11.50. The stock has a 50 day moving average price of $7.78. The company has a current ratio of 1.22, a quick ratio of 0.95 and a debt-to-equity ratio of 0.29.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tuttle Capital Management LLC bought a new stake in Fathom Digital Manufacturing in the 4th quarter valued at $42,000. Penserra Capital Management LLC bought a new stake in Fathom Digital Manufacturing in the 4th quarter valued at $59,000. State Street Corp bought a new stake in Fathom Digital Manufacturing in the 4th quarter valued at $120,000. Schonfeld Strategic Advisors LLC bought a new stake in Fathom Digital Manufacturing in the 4th quarter valued at $164,000. Finally, Centiva Capital LP bought a new stake in Fathom Digital Manufacturing in the 4th quarter valued at $198,000. Institutional investors own 99.19% of the company’s stock.

Fathom Digital Manufacturing Company Profile (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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