Markforged Holding Co. (NYSE:MKFG) Receives Average Recommendation of “Buy” from Analysts

Markforged Holding Co. (NYSE:MKFGGet Rating) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $8.25.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Markforged from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup reduced their price objective on shares of Markforged from $5.00 to $3.00 in a research note on Friday, May 13th.

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in Markforged by 97.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 63,456 shares of the company’s stock valued at $253,000 after buying an additional 31,237 shares during the last quarter. State Street Corp grew its position in shares of Markforged by 1.6% during the 1st quarter. State Street Corp now owns 688,651 shares of the company’s stock valued at $2,748,000 after acquiring an additional 10,649 shares during the period. Prelude Capital Management LLC bought a new position in shares of Markforged during the 1st quarter valued at approximately $117,000. Renaissance Technologies LLC bought a new position in shares of Markforged during the 1st quarter valued at approximately $634,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Markforged by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 336,808 shares of the company’s stock valued at $1,344,000 after acquiring an additional 8,244 shares during the period. Hedge funds and other institutional investors own 54.08% of the company’s stock.

MKFG traded down $0.08 during trading on Friday, hitting $2.75. 52,033 shares of the stock traded hands, compared to its average volume of 1,122,133. Markforged has a twelve month low of $2.48 and a twelve month high of $11.00. The company has a market cap of $514.53 million, a price-to-earnings ratio of -34.38 and a beta of 0.89. The business has a 50 day moving average price of $3.62 and a 200 day moving average price of $4.74.

Markforged (NYSE:MKFGGet Rating) last announced its quarterly earnings data on Tuesday, March 15th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The business had revenue of $26.64 million during the quarter, compared to the consensus estimate of $24.70 million. Markforged had a net margin of 21.87% and a negative return on equity of 31.45%. On average, analysts forecast that Markforged will post -0.28 EPS for the current year.

Markforged Company Profile (Get Rating)

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. The company offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. It serves customers in aerospace, military and defense, industrial automation, space exploration, healthcare, and automotive industries.

Further Reading

Analyst Recommendations for Markforged (NYSE:MKFG)

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