| Over a week ago | ||||
Desktop Metal, announced… Desktop Metal, announced the appointment of James Haley as its new Chief Financial Officer, effective February 12, and Arjun Aggarwal as Chief Product Officer, effective February 9. "I have previously worked with James and forged a great relationship with him over 13 years. He brings a strong track record of leading financial operations for high-growth technology companies with significant functional experience overseeing strategic transactions and public financing events," said Ric Fulop, CEO and co-founder of Desktop Metal. "James has already proven to be a strong addition to our leadership team, and I am excited to work with him closely in his new role to drive our success and deliver value for our shareholders." Haley, who has served as Desktop Metal's Vice President of Finance since August 2020, brings over 25 years of financial leadership experience with high-growth technology companies, including serving in senior finance roles at four public companies and two divisions of global public companies. Haley holds a B.A. in Management from Curry College and an M.B.A. from Northeastern University. To help ensure a smooth transition, Haley will work closely with the Company's current CFO, Elizabeth Linardos, who is expected to remain with the Company in an advisory capacity through July. | ||||
Bullish option flow… Bullish option flow detected in Desktop Metal with 15,959 calls trading, 1.8x expected, and implied vol increasing almost 3 points to 101.33%. Feb-21 35 calls and Feb-21 40 calls are the most active options, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 0.23. | ||||
| Over a month ago | ||||
Alliance Global Partners… Alliance Global Partners analyst Brian Kinstlinger upgraded ExOne (XONE) to Buy from Neutral with a price target of $29, up from $12, telling investors that his previous downgrade of the shares on valuation in November after the stock rallied on the pending Desktop Metal (DM) IPO was "short sighted." The IPO of Desktop Metal changed inventor interest in additive manufacturing in a way that he "failed to recognize," said Kinstlinger, who still thinks Desktop Metal's valuation is "exorbitant." However, ExOne is "already better capitalized" and he thinks further capitalizing will help compete with any investments Desktop makes and also "solidify the company in its customers eyes," argues Kinstlinger. | ||||
Bearish flow noted in… Bearish flow noted in Desktop Metal with 2,349 puts trading, or 3x expected. Most active are May-21 20 puts and Feb-21 30 calls, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 2.38, while ATM IV is up over 9 points on the day. | ||||
Aerospace & Defense… Aerospace & Defense Analyst Sullivan holds a conference call with CEO Fulop and VP Aggarwal on January 22 at 11 am hosted by Benchmark. | ||||
Virtual Meeting to be… Virtual Meeting to be held January 21-22 hosted by Benchmark. | |
Virtual Meeting to be… Virtual Meeting to be held January 21-22 hosted by Benchmark. | |
Craig-Hallum analyst Greg… Craig-Hallum analyst Greg Palm raised the firm's price target on Desktop Metal to $23 from $17 and keeps a Hold rating on the shares. The analyst notes that Desktop Metal announced the acquisition of EnvisionTEC, which he sees providing multiple attractive features. | |
Stifel analyst Noelle… Stifel analyst Noelle Dilts initiated coverage of Desktop Metal with a Buy rating and $30 price target. She sees Desktop Metal being extremely well-capitalized after its SPAC transaction and well-positioned to benefit from a "dramatic increase" in the use of 3D printing for end-use part production over the next decade, Dilts tells investors. The company's asset-light business model, due to its outsourcing of manufacturing processes, should generate strong free cash flow, said Dilts, who estimates free cash flow will turn positive by 2023. | |
Virtual Meeting to be… Virtual Meeting to be held January 21-22 hosted by Benchmark. |