Marquette Asset Management LLC purchased a new stake in shares of Shapeways Holdings, Inc. (NYSE:SHPW – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 197,728 shares of the company's stock, valued at approximately $123,000.
Several other hedge funds have also modified their holdings of SHPW. Vanguard Group Inc. lifted its position in shares of Shapeways by 8.6% during the first quarter. Vanguard Group Inc. now owns 528,972 shares of the company's stock valued at $1,513,000 after buying an additional 41,930 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Shapeways during the first quarter valued at about $61,000. State Street Corp purchased a new position in shares of Shapeways in the 1st quarter valued at approximately $63,000. Finally, ARK Investment Management LLC raised its position in shares of Shapeways by 97.3% in the 2nd quarter. ARK Investment Management LLC now owns 2,697,863 shares of the company's stock valued at $4,398,000 after purchasing an additional 1,330,412 shares during the last quarter. 25.29% of the stock is owned by hedge funds and other institutional investors.
Get Shapeways alerts:Insiders Place Their Bets
In other Shapeways news, CEO Greg Kress purchased 50,000 shares of Shapeways stock in a transaction on Monday, December 5th. The stock was bought at an average cost of $0.64 per share, with a total value of $32,000.00. Following the transaction, the chief executive officer now owns 411,144 shares of the company's stock, valued at approximately $263,132.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 29.30% of the stock is currently owned by insiders.
Shapeways Stock Down 3.7 %
Shares of Shapeways stock traded down $0.02 during midday trading on Wednesday, hitting $0.53. The company had a trading volume of 707 shares, compared to its average volume of 167,164. The stock has a market cap of $26.07 million, a price-to-earnings ratio of -1.96 and a beta of 0.73. The company has a fifty day simple moving average of $0.60 and a 200 day simple moving average of $0.87. Shapeways Holdings, Inc. has a 12-month low of $0.52 and a 12-month high of $4.16.
Shapeways (NYSE:SHPW – Get Rating) last posted its quarterly earnings results on Monday, November 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. Shapeways had a negative net margin of 47.77% and a negative return on equity of 23.43%. The company had revenue of $8.45 million during the quarter, compared to analyst estimates of $8.40 million. As a group, analysts expect that Shapeways Holdings, Inc. will post -0.35 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC decreased their price objective on shares of Shapeways from $3.00 to $1.75 and set a "buy" rating for the company in a research report on Wednesday, November 16th.
Shapeways Profile
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Shapeways Holdings, Inc facilitates the design, manufacture, and sale of 3D printed products in the United States, Europe, and internationally. The company offers an end-to-end digital manufacturing platform on which the users can transform digital designs into physical products under the Otto brand.
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