Research Analysts Set Expectations for Markforged Holding Corporation’s Q1 2022 Earnings (NYSE:MKFG)

Markforged Holding Corporation (NYSE:MKFG) – Equities research analysts at William Blair boosted their Q1 2022 EPS estimates for shares of Markforged in a research note issued to investors on Wednesday, January 12th. William Blair analyst B. Drab now forecasts that the company will earn ($0.05) per share for the quarter, up from their prior estimate of ($0.06). William Blair also issued estimates for Markforged’s Q3 2022 earnings at ($0.07) EPS and FY2022 earnings at ($0.24) EPS.

MKFG has been the subject of a number of other research reports. The Goldman Sachs Group assumed coverage on Markforged in a report on Tuesday, December 21st. They issued a “buy” rating and a $6.50 price target for the company. Zacks Investment Research raised Markforged from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Wednesday. Finally, Craig Hallum assumed coverage on Markforged in a report on Tuesday, December 14th. They issued a “buy” rating and a $10.00 price target for the company. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $9.55.

NYSE MKFG opened at $4.90 on Friday. Markforged has a twelve month low of $4.72 and a twelve month high of $15.10. The business has a 50-day simple moving average of $6.02.

Markforged (NYSE:MKFG) last issued its quarterly earnings data on Wednesday, November 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03). The firm had revenue of $24.05 million during the quarter, compared to analyst estimates of $21.66 million.

In other Markforged news, CEO Shai Terem sold 15,791 shares of the stock in a transaction that occurred on Monday, November 15th. The stock was sold at an average price of $7.20, for a total transaction of $113,695.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 19,329 shares of company stock valued at $139,070 in the last three months.

Several hedge funds have recently bought and sold shares of the company. Wasatch Advisors Inc. purchased a new stake in shares of Markforged in the third quarter valued at approximately $44,312,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Markforged in the third quarter valued at approximately $27,948,000. Nikko Asset Management Americas Inc. grew its position in shares of Markforged by 193.4% in the third quarter. Nikko Asset Management Americas Inc. now owns 4,260,296 shares of the company’s stock valued at $28,161,000 after purchasing an additional 2,808,120 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of Markforged in the third quarter valued at approximately $17,592,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Markforged in the third quarter valued at approximately $16,400,000. Institutional investors and hedge funds own 28.36% of the company’s stock.

About Markforged

oneis a blank check company organized for the purpose of effecting a business combination with one or more target businesses. one’s efforts to identify a prospective partner business will not be limited to a particular industry or geographic region, although it intends to focus its search on partner businesses operating in North America in the innovation economy.

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