Shapeways (NYSE:SHPW) Stock Rating Reaffirmed by Needham & Company LLC

Shapeways (NYSE:SHPW)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a report released on Wednesday, Benzinga reports. They currently have a $4.00 price objective on the stock. Needham & Company LLC’s price target suggests a potential upside of 73.16% from the stock’s current price.

Shapeways Trading Down 0.4 %

Shares of SHPW opened at $2.31 on Wednesday. The firm’s fifty day simple moving average is $2.73 and its two-hundred day simple moving average is $3.52. Shapeways has a 12 month low of $2.05 and a 12 month high of $6.22. The stock has a market capitalization of $14.88 million, a P/E ratio of -0.60 and a beta of 0.90.

Shapeways (NYSE:SHPW) last announced its quarterly earnings data on Monday, August 14th. The company reported ($0.99) earnings per share for the quarter. Shapeways had a negative net margin of 76.03% and a negative return on equity of 39.80%. The company had revenue of $8.44 million for the quarter.

Hedge Funds Weigh In On Shapeways

Several institutional investors have recently made changes to their positions in SHPW. Renaissance Technologies LLC acquired a new stake in shares of Shapeways in the 3rd quarter worth about $130,000. Vanguard Group Inc. raised its holdings in shares of Shapeways by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 528,972 shares of the company’s stock worth $1,513,000 after acquiring an additional 41,930 shares during the last quarter. Finally, State Street Corp acquired a new stake in shares of Shapeways in the 1st quarter worth about $63,000. Institutional investors and hedge funds own 8.98% of the company’s stock.

Shapeways Company Profile

Shapeways Holdings, Inc facilitates the design, manufacture, and sale of 3D printed products in the United States, Europe, and internationally. The company offers an end-to-end digital manufacturing platform on which the users can transform digital designs into physical products under the Otto brand.