In a report released today, Jacob Stephan from Lake Street reiterated a Hold rating on Desktop Metal (DM – Research Report), with a price target of $0.85. The company’s shares closed yesterday at $0.84.
According to TipRanks, Stephan is a 4-star analyst with an average return of 11.3% and a 59.32% success rate. Stephan covers the Technology sector, focusing on stocks such as Stratasys, Markforged Holding, and 3D Systems.
Currently, the analyst consensus on Desktop Metal is a Moderate Buy with an average price target of $1.05.
The company has a one-year high of $2.30 and a one-year low of $0.46. Currently, Desktop Metal has an average volume of 3.24M.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DM in relation to earlier this year. Last month, FARHAD FRED EBRAHIMI, a Major Shareholder at DM bought 200.00 shares for a total of $500.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Desktop Metal (DM) Company Description:
Trine Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 26, 2018 and is headquartered in New York, NY.
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