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Shapeways (NYSE:SHPW) Stock Price Up 6.2%

Defense World · Jan 5, 2023 02:01

Shapeways Holdings, Inc. (NYSE:SHPW – Get Rating)'s share price rose 6.2% during trading on Wednesday . The company traded as high as $0.58 and last traded at $0.57. Approximately 176,632 shares changed hands during trading, an increase of 9% from the average daily volume of 161,398 shares. The stock had previously closed at $0.54.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC dropped their price target on Shapeways from $3.00 to $1.75 and set a "buy" rating on the stock in a report on Wednesday, November 16th.

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Shapeways Price Performance

The stock has a market capitalization of $28.22 million, a P/E ratio of -2.05 and a beta of 0.72. The company has a 50 day simple moving average of $0.58 and a 200-day simple moving average of $0.77.

Shapeways (NYSE:SHPW – Get Rating) last issued its earnings results on Monday, November 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $8.45 million for the quarter, compared to analyst estimates of $8.40 million. Shapeways had a negative return on equity of 23.43% and a negative net margin of 47.77%. As a group, equities analysts forecast that Shapeways Holdings, Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Shapeways

In other news, CEO Greg Kress bought 50,000 shares of the stock in a transaction on Monday, December 5th. The shares were purchased at an average cost of $0.64 per share, for a total transaction of $32,000.00. Following the completion of the purchase, the chief executive officer now directly owns 411,144 shares in the company, valued at approximately $263,132.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 29.30% of the company's stock.

Institutional Trading of Shapeways

A number of hedge funds and other institutional investors have recently made changes to their positions in SHPW. Vanguard Group Inc. raised its stake in shares of Shapeways by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 528,972 shares of the company's stock valued at $1,513,000 after purchasing an additional 41,930 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Shapeways during the 1st quarter valued at $61,000. State Street Corp bought a new stake in shares of Shapeways during the 1st quarter valued at $63,000. ARK Investment Management LLC raised its stake in shares of Shapeways by 97.3% during 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 period. Finally, Marquette Asset Management LLC bought a new stake in shares of Shapeways during the 3rd quarter valued at $123,000. 21.21% of the stock is currently owned by institutional investors.

Shapeways Company 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.