Fathom Digital Manufacturing (NYSE: FATH – Get a Review) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note released Thursday to investors, Zacks.com reports. The company currently has a price target of $5.75 on the stock. Zacks Investment Research’s target price indicates upside potential of 23.39% from the stock’s previous close.
According to Zacks, “Fathom Holdco LLC provides on-demand digital manufacturing platforms in North America, catering to full product development and low to medium volume manufacturing needs. Fathom Holdco LLC, formerly known as Altimar Acquisition Corp. II, is based in NEW YORK. “
Other stock analysts have also published research reports on the company. Needham & Company LLC lowered its price target on Fathom Digital Manufacturing from $12.00 to $9.00 in a Tuesday, May 17 report. Stifel Nicolaus began coverage of Fathom Digital Manufacturing in a report on Friday, February 18. They have set a “buy” rating and a price target of $11.00 on the stock. Lake Street Capital lowered its price target on Fathom Digital Manufacturing from $12.50 to $9.00 in a Monday, March 7 report. Craig Hallum lowered his price target on Fathom Digital Manufacturing to $9.00 and gave the stock an “na” rating in a Tuesday, May 17 report. Finally, Bank of America took over Fathom Digital Manufacturing coverage in a Friday, May 13 report. They issued a “neutral” rating and a $7.00 price target on the stock. One research analyst gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, Fathom Digital Manufacturing has a consensus rating of “Buy” and an average target price of $8.46.
Shares of FATH traded down $0.49 during Thursday’s midday session, hitting $4.66. 52,423 shares were traded, against an average volume of 328,767. The company has a leverage ratio of 0.27, a quick ratio of 0.79 and a current ratio of 1.01. Fathom Digital Manufacturing has a 12-month low of $4.05 and a 12-month high of $11.50. The company’s fifty-day moving average price is $6.13.
Several hedge funds have recently bought and sold shares of FATH. JPMorgan Chase & Co. acquired a new position in Fathom Digital Manufacturing stock during Q1 worth approximately $36,000. Tuttle Capital Management LLC acquired a new position in shares of Fathom Digital Manufacturing during Q4 for a value of approximately $42,000. Penserra Capital Management LLC acquired a new position in shares of Fathom Digital Manufacturing during Q4 for a value of approximately $59,000. Victory Capital Management Inc. acquired a new position in shares of Fathom Digital Manufacturing during Q1 worth approximately $77,000. Finally, Northern Trust Corp acquired a new position in shares of Fathom Digital Manufacturing during Q1 worth approximately $103,000. Institutional investors hold 78.39% of the company’s shares.
About Fathom Digital Manufacturing (Get an assessment)
Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, CNC machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting and etching. chemical.
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