GABELLI & Co INVESTMENT ADVISERS INC. Has $985,000 Stock Position in Markforged Holding Co. (NYSE:MKFG)

GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Markforged Holding Co. (NYSE:MKFG - Free Report) by 96.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 313,665 shares of the company's stock after purchasing an additional 154,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 1.52% of Markforged worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Gabelli Funds LLC lifted its holdings in shares of Markforged by 426.3% during the fourth quarter. Gabelli Funds LLC now owns 470,404 shares of the company's stock worth $1,477,000 after buying an additional 381,030 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Markforged by 104.5% in the 4th quarter. Renaissance Technologies LLC now owns 43,639 shares of the company's stock valued at $137,000 after purchasing an additional 22,300 shares during the period. Geode Capital Management LLC grew its position in shares of Markforged by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 125,777 shares of the company's stock worth $395,000 after purchasing an additional 11,099 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Markforged during the fourth quarter worth approximately $116,000. Finally, Wolverine Asset Management LLC raised its position in shares of Markforged by 336.2% in the fourth quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company's stock valued at $103,000 after buying an additional 25,228 shares in the last quarter. 87.30% of the stock is currently owned by institutional investors.

Markforged Stock Performance

Shares of NYSE MKFG traded down $0.04 during mid-day trading on Friday, reaching $4.74. The company had a trading volume of 57,692 shares, compared to its average volume of 137,672. The firm has a market cap of $98.34 million, a price-to-earnings ratio of -1.09 and a beta of 0.92. The business's 50-day simple moving average is $3.51 and its 200 day simple moving average is $3.74. Markforged Holding Co. has a one year low of $1.57 and a one year high of $6.90.

Markforged (NYSE:MKFG - Get Free Report) last released its earnings results on Friday, March 28th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.09). The firm had revenue of $22.30 million during the quarter, compared to the consensus estimate of $22.30 million. Markforged had a negative net margin of 101.18% and a negative return on equity of 34.99%. On average, sell-side analysts anticipate that Markforged Holding Co. will post -2 EPS for the current year.

About Markforged

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