Desktop Metal, Inc. (NYSE:DM) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its holdings in shares of Desktop Metal, Inc. (NYSE:DM) by 57.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,733 shares of the pipeline company’s stock after selling 21,648 shares during the period. Cetera Investment Advisers’ holdings in Desktop Metal were worth $37,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DM. ABC Arbitrage SA acquired a new stake in shares of Desktop Metal during the 4th quarter valued at about $27,000. Fifth Lane Capital LP bought a new position in Desktop Metal in the 4th quarter worth approximately $42,000. Virtu Financial LLC bought a new stake in shares of Desktop Metal during the fourth quarter valued at approximately $90,000. Renaissance Technologies LLC increased its position in shares of Desktop Metal by 65.5% during the fourth quarter. Renaissance Technologies LLC now owns 50,262 shares of the pipeline company’s stock valued at $118,000 after purchasing an additional 19,900 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Desktop Metal during the fourth quarter valued at approximately $256,000. 56.31% of the stock is owned by institutional investors and hedge funds.

Desktop Metal Stock Performance

Shares of NYSE DM opened at $4.96 on Tuesday. The company has a current ratio of 2.34, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. Desktop Metal, Inc. has a 12 month low of $1.84 and a 12 month high of $6.00. The stock has a 50 day moving average of $4.96 and a 200-day moving average of $3.59. The company has a market capitalization of $165.37 million, a P/E ratio of -0.44 and a beta of 0.17.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on Desktop Metal in a research note on Wednesday, May 21st. They issued a “hold” rating on the stock.

Desktop Metal Profile

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.