Equities Analysts Issue Forecasts for Markforged Holding Co.’s Q1 2023 Earnings (NYSE:MKFG)

Posted by on Mar 10th, 2023

Markforged Holding Co. (NYSE:MKFG – Get Rating) – Investment analysts at William Blair reduced their Q1 2023 earnings estimates for shares of Markforged in a note issued to investors on Tuesday, March 7th. William Blair analyst B. Drab now forecasts that the company will earn ($0.08) per share for the quarter, down from their prior forecast of ($0.07). The consensus estimate for Markforged’s current full-year earnings is ($0.29) per share. William Blair also issued estimates for Markforged’s Q2 2023 earnings at ($0.08) EPS, Q3 2023 earnings at ($0.07) EPS, FY2023 earnings at ($0.28) EPS and FY2024 earnings at ($0.22) EPS.

Other equities research analysts have also issued research reports about the stock. Citigroup lowered their target price on shares of Markforged from $3.50 to $2.00 in a report on Thursday, November 10th. Credit Suisse Group restated a “neutral” rating and issued a $1.70 target price on shares of Markforged in a report on Tuesday. Finally, Craig Hallum lowered their target price on shares of Markforged to $3.00 in a report on Tuesday, November 15th.

Markforged Price Performance

MKFG opened at $1.13 on Friday. Markforged has a fifty-two week low of $0.78 and a fifty-two week high of $4.39. The firm has a market capitalization of $219.37 million, a PE ratio of -8.69 and a beta of 0.96. The company’s 50-day moving average is $1.34 and its 200 day moving average is $1.62.

Institutional Investors Weigh In On Markforged

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Keebeck Alpha LP increased its stake in Markforged by 17.6% in the 2nd quarter. Keebeck Alpha LP now owns 32,556 shares of the company’s stock valued at $60,000 after buying an additional 4,867 shares during the last quarter. Credit Suisse AG increased its stake in Markforged by 18.0% in the 2nd quarter. Credit Suisse AG now owns 35,740 shares of the company’s stock valued at $66,000 after buying an additional 5,448 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Markforged by 2.2% in the 3rd quarter. Nuveen Asset Management LLC now owns 301,871 shares of the company’s stock valued at $597,000 after buying an additional 6,406 shares during the last quarter. State of Wyoming grew its position in shares of Markforged by 30.5% during the 4th quarter. State of Wyoming now owns 30,624 shares of the company’s stock valued at $36,000 after acquiring an additional 7,164 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Markforged by 73.3% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 18,208 shares of the company’s stock valued at $37,000 after acquiring an additional 7,701 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Markforged Company Profile

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Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. The company offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. It serves customers in aerospace, military and defense, industrial automation, space exploration, healthcare, and automotive industries.

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