In a report released today, James Ricchiuti from Needham maintained a Buy rating on Shapeways Holdings (SHPW – Research Report), with a price target of $3.00. The company’s shares closed today at $0.94.
Ricchiuti covers the Technology sector, focusing on stocks such as Digimarc, Stratasys, and Universal Display. According to TipRanks, Ricchiuti has an average return of 18.6% and a 61.50% success rate on recommended stocks.
Currently, the analyst consensus on Shapeways Holdings is a Moderate Buy with an average price target of $3.00.
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The company has a one-year high of $12.81 and a one-year low of $0.82. Currently, Shapeways Holdings has an average volume of 148.6K.
Based on the recent corporate insider activity of 28 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 SHPW in relation to earlier this year. Most recently, in May 2022, Levy Miko, the CRO of SHPW bought 239,573.00 shares for a total of $119,786.50.
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Galileo Acquisition Corp operates as a blank check company. The firm is formed under the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.
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