Desktop Metal, Inc. (NYSE:DM) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Desktop Metal, Inc. (NYSE:DMGet Rating) by 21.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,195 shares of the pipeline company’s stock after buying an additional 16,193 shares during the quarter. SG Americas Securities LLC’s holdings in Desktop Metal were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DM. CWM LLC lifted its holdings in Desktop Metal by 2,805.6% in the 2nd quarter. CWM LLC now owns 11,332 shares of the pipeline company’s stock worth $25,000 after buying an additional 10,942 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Desktop Metal in the 1st quarter worth $47,000. MPS Loria Financial Planners LLC acquired a new position in Desktop Metal in the 1st quarter worth $52,000. Sawtooth Solutions LLC acquired a new position in Desktop Metal in the 1st quarter worth $75,000. Finally, Stansberry Asset Management LLC acquired a new position in Desktop Metal in the 1st quarter worth $82,000. Institutional investors and hedge funds own 36.62% of the company’s stock.

Desktop Metal Price Performance

Shares of NYSE:DM opened at $1.93 on Friday. The company has a quick ratio of 3.37, a current ratio of 4.32 and a debt-to-equity ratio of 0.13. Desktop Metal, Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $8.94. The firm has a 50-day simple moving average of $2.72 and a 200 day simple moving average of $2.62. The company has a market cap of $609.05 million, a PE ratio of -1.15 and a beta of 0.35.

Desktop Metal (NYSE:DMGet Rating) last announced its quarterly earnings data on Monday, August 8th. The pipeline company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). Desktop Metal had a negative net margin of 275.35% and a negative return on equity of 17.56%. The business had revenue of $57.67 million for the quarter, compared to the consensus estimate of $55.70 million. On average, sell-side analysts anticipate that Desktop Metal, Inc. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DM has been the topic of a number of recent analyst reports. Craig Hallum boosted their price objective on shares of Desktop Metal to $2.50 in a report on Monday, August 15th. Benchmark cut their target price on shares of Desktop Metal to $6.00 in a research note on Monday, August 15th. Finally, Credit Suisse Group cut their target price on shares of Desktop Metal from $2.70 to $2.30 and set a “neutral” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Desktop Metal currently has a consensus rating of “Hold” and an average price target of $4.36.

Desktop Metal Profile

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Desktop Metal, Inc engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; and Studio System, an office metal 3D printing system; and Fiber platform that offers a desktop 3D printer.

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Institutional Ownership by Quarter for Desktop Metal (NYSE:DM)

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