Faro TechnologiesFARO
Market Cap: $326M
About: Faro Technologies Inc is a technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.
Employees: 1,243
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
29% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 17
26% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 42
4% more funds holding
Funds holding: 134 [Q1] → 139 (+5) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
5.21% less ownership
Funds ownership: 107.78% [Q1] → 102.57% (-5.21%) [Q2]
28% less capital invested
Capital invested by funds: $440M [Q1] → $315M (-$125M) [Q2]
70% less call options, than puts
Call options by funds: $19K | Put options by funds: $64K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Needham James Ricchiuti 59% 1-year accuracy 64 / 108 met price target | 43%upside $24 | Buy Maintained | 9 Aug 2024 |
Craig-Hallum | 49%upside $25 | Buy Maintained | 9 Aug 2024 |