Desktop Metal, Inc. (NYSE:DM) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of Desktop Metal, Inc. (NYSE:DMGet Rating) by 189.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,807 shares of the pipeline company’s stock after purchasing an additional 9,692 shares during the period. Daiwa Securities Group Inc.’s holdings in Desktop Metal were worth $73,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DM. Invesco Ltd. purchased a new stake in shares of Desktop Metal during the second quarter worth approximately $372,000. Morgan Stanley boosted its holdings in shares of Desktop Metal by 302.7% in the second quarter. Morgan Stanley now owns 4,089,552 shares of the pipeline company’s stock valued at $47,030,000 after acquiring an additional 3,074,140 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of Desktop Metal during the second quarter worth about $132,000. Janney Montgomery Scott LLC raised its holdings in Desktop Metal by 15.2% during the third quarter. Janney Montgomery Scott LLC now owns 19,995 shares of the pipeline company’s stock worth $143,000 after purchasing an additional 2,635 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in Desktop Metal by 66.9% during the third quarter. Amalgamated Bank now owns 24,944 shares of the pipeline company’s stock worth $179,000 after purchasing an additional 9,996 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

DM opened at $3.83 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -4.12 and a beta of 0.42. Desktop Metal, Inc. has a one year low of $3.25 and a one year high of $15.48. The business’s fifty day moving average is $4.33 and its two-hundred day moving average is $5.33.

Desktop Metal (NYSE:DMGet Rating) last released its quarterly earnings results on Tuesday, March 8th. The pipeline company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The firm had revenue of $56.68 million for the quarter, compared to analyst estimates of $52.50 million. Desktop Metal had a negative return on equity of 9.71% and a negative net margin of 213.80%. Equities analysts anticipate that Desktop Metal, Inc. will post -0.34 EPS for the current fiscal year.

DM has been the subject of a number of analyst reports. Lake Street Capital raised Desktop Metal from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Monday, January 10th. Stifel Nicolaus dropped their price objective on Desktop Metal from $11.00 to $6.00 in a report on Wednesday, March 16th. Finally, Zacks Investment Research lowered shares of Desktop Metal from a “hold” rating to a “sell” rating in a research report on Thursday, March 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Desktop Metal has an average rating of “Hold” and an average target price of $9.75.

In other Desktop Metal news, CEO Ric Fulop purchased 128,850 shares of the stock in a transaction dated Wednesday, March 16th. The shares were acquired at an average cost of $4.08 per share, for a total transaction of $525,708.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.25% of the stock is owned by corporate insiders.

About Desktop Metal (Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding DM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Desktop Metal, Inc. (NYSE:DMGet Rating).

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

Receive News & Ratings for Desktop Metal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Desktop Metal and related companies with MarketBeat.com's FREE daily email newsletter.