Fathom Digital Manufacturing (NYSE:FATH) Upgraded to Buy at Zacks Investment Research

Fathom Digital Manufacturing (NYSE:FATHGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Zacks.com reports. The brokerage currently has a $5.75 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 18.31% from the stock’s current price.

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. “

Several other equities analysts have also commented on the company. Stifel Nicolaus began coverage on 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 reduced their price objective on Fathom Digital Manufacturing from $12.00 to $9.00 in a research report on Tuesday, May 17th. Bank of America initiated coverage on Fathom Digital Manufacturing in a research report on Friday, May 13th. They set a “neutral” rating and a $7.00 price objective on the stock. Lake Street Capital reduced their price target on Fathom Digital Manufacturing from $12.50 to $9.00 in a research report on Monday, March 7th. Finally, Craig Hallum reduced their price target on Fathom Digital Manufacturing to $9.00 and set a “na” rating on the stock in a research report on Tuesday, May 17th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fathom Digital Manufacturing presently has an average rating of “Buy” and a consensus price target of $8.46.

Shares of Fathom Digital Manufacturing stock traded down $0.26 during trading on Thursday, hitting $4.86. 47,826 shares of the stock traded hands, compared to its average volume of 350,805. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $6.50. Fathom Digital Manufacturing has a 52 week low of $4.86 and a 52 week high of $11.50.

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in shares of Fathom Digital Manufacturing in the 1st quarter valued at approximately $36,000. Penserra Capital Management LLC purchased a new position in shares of Fathom Digital Manufacturing in the 4th quarter valued at approximately $59,000. State Street Corp lifted its stake in shares of Fathom Digital Manufacturing by 57.8% in the 1st quarter. State Street Corp now owns 23,998 shares of the company’s stock valued at $148,000 after purchasing an additional 8,786 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Fathom Digital Manufacturing in the 1st quarter valued at approximately $77,000. Finally, Sciencast Management LP purchased a new position in shares of Fathom Digital Manufacturing in the 1st quarter valued at approximately $114,000. Hedge funds and other institutional investors own 78.39% 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, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching.

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