Fathom Digital Manufacturing (NYSE:FATH) Downgraded to “Hold” at Zacks Investment Research

Fathom Digital Manufacturing (NYSE:FATHGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

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. “

A number of other research firms also recently commented on FATH. Stifel Nicolaus initiated coverage on shares of Fathom Digital Manufacturing in a report on Friday, February 18th. They issued a “buy” rating and a $11.00 price objective for the company. Bank of America assumed coverage on shares of Fathom Digital Manufacturing in a report on Friday, May 13th. They set a “neutral” rating and a $7.00 price target for the company. Lake Street Capital cut their price target on shares of Fathom Digital Manufacturing from $12.50 to $9.00 in a report on Monday, March 7th. Needham & Company LLC dropped their target price on shares of Fathom Digital Manufacturing from $12.00 to $9.00 in a report on Tuesday, May 17th. Finally, Craig Hallum dropped their target price on shares of Fathom Digital Manufacturing to $9.00 and set a “na” rating for the company in a report on Tuesday, May 17th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Fathom Digital Manufacturing has a consensus rating of “Buy” and a consensus target price of $8.46.

Shares of FATH stock traded up $0.05 during mid-day trading on Wednesday, hitting $5.15. 69,448 shares of the stock were exchanged, compared to its average volume of 331,288. The stock’s fifty day moving average price is $6.13. The company has a quick ratio of 0.79, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. Fathom Digital Manufacturing has a 52-week low of $4.05 and a 52-week high of $11.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of Fathom Digital Manufacturing during the first quarter worth about $36,000. Tuttle Capital Management LLC acquired a new position in shares of Fathom Digital Manufacturing during the fourth quarter worth about $42,000. Penserra Capital Management LLC acquired a new position in shares of Fathom Digital Manufacturing during the fourth quarter worth about $59,000. Victory Capital Management Inc. acquired a new position in shares of Fathom Digital Manufacturing during the first quarter worth about $77,000. Finally, Northern Trust Corp purchased a new stake in Fathom Digital Manufacturing during the first quarter worth about $103,000. 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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