Desktop MetalDM
Market Cap: $144M
About: Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC). It derives maximum revenue from Americas.
Employees: 950
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
35% less funds holding
Funds holding: 159 [Q1] → 104 (-55) [Q2]
61% less capital invested
Capital invested by funds: $109M [Q1] → $42.7M (-$66.5M) [Q2]
68% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 81
93% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 72
98% less call options, than puts
Call options by funds: $634K | Put options by funds: $33.2M
237.79% less ownership
Funds ownership: 271.1% [Q1] → 33.31% (-237.79%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Cantor Fitzgerald Troy Jensen 13% 1-year accuracy 3 / 24 met price target | 27%upside $5.50 | Neutral Downgraded | 8 Jul 2024 |
Craig-Hallum | 8%downside $4 | Hold Maintained | 1 Jul 2024 |
Cantor Fitzgerald Troy Jensen 13% 1-year accuracy 3 / 24 met price target | 188%upside $12.50 | Overweight Maintained | 11 Jun 2024 |
Financial journalist opinion
Based on 6 articles about DM published over the past 30 days