Markforged (NYSE:MKFG) Trading 2.4% Higher

Markforged Holding Co. (NYSE:MKFGGet Free Report) traded up 2.4% during trading on Thursday . The company traded as high as $0.46 and last traded at $0.45. 215,601 shares were traded during trading, a decline of 39% from the average session volume of 355,599 shares. The stock had previously closed at $0.44.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald lowered their price objective on shares of Markforged from $1.45 to $1.30 and set an “overweight” rating on the stock in a research note on Thursday, May 9th.

Read Our Latest Analysis on Markforged

Markforged Stock Down 3.0 %

The company has a current ratio of 2.64, a quick ratio of 2.24 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $0.58 and its two-hundred day moving average is $0.67.

Markforged (NYSE:MKFGGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). The firm had revenue of $20.55 million during the quarter, compared to analysts’ expectations of $20.26 million. Markforged had a negative net margin of 133.52% and a negative return on equity of 29.55%. As a group, sell-side analysts anticipate that Markforged Holding Co. will post -0.2 EPS for the current year.

Hedge Funds Weigh In On Markforged

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. boosted its stake in shares of Markforged by 40.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 839,962 shares of the company’s stock valued at $702,000 after buying an additional 241,706 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of Markforged during the 3rd quarter valued at $931,000. GSA Capital Partners LLP boosted its stake in shares of Markforged by 37.4% during the 1st quarter. GSA Capital Partners LLP now owns 525,683 shares of the company’s stock valued at $439,000 after buying an additional 142,965 shares during the period. Citigroup Inc. acquired a new stake in shares of Markforged during the 3rd quarter valued at $59,000. Finally, Empirical Asset Management LLC boosted its stake in shares of Markforged by 190.5% during the 4th quarter. Empirical Asset Management LLC now owns 30,500 shares of the company’s stock valued at $25,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 87.30% of the company’s stock.

About Markforged

(Get Free Report)

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.

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