Fintel reports that on July 1, 2024, Alliance Global Partners initiated coverage of Drilling Tools International (NasdaqCM:DTI) with a Buy recommendation.
Analyst Price Forecast Suggests 36.49% Upside
As of June 12, 2024, the average one-year price target for Drilling Tools International is $7.55/share. The forecasts range from a low of $4.85 to a high of $10.50. The average price target represents an increase of 36.49% from its latest reported closing price of $5.53 / share.
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The projected annual revenue for Drilling Tools International is 179MM, an increase of 21.03%. The projected annual non-GAAP EPS is 0.70.
What is the Fund Sentiment?
There are 26 funds or institutions reporting positions in Drilling Tools International. This is an decrease of 3 owner(s) or 10.34% in the last quarter. Average portfolio weight of all funds dedicated to DTI is 0.09%, an increase of 20.80%. Total shares owned by institutions increased in the last three months by 33.30% to 1,447K shares.
What are Other Shareholders Doing?
Solidarilty Wealth holds 317K shares representing 1.07% ownership of the company. In its prior filing, the firm reported owning 277K shares , representing an increase of 12.61%. The firm decreased its portfolio allocation in DTI by 6.94% over the last quarter.
FirstPurpose Wealth holds 261K shares representing 0.88% ownership of the company. No change in the last quarter.
NewEdge Wealth holds 123K shares representing 0.41% ownership of the company.
ADKSX - Adirondack Small Cap Fund holds 98K shares representing 0.33% ownership of the company. In its prior filing, the firm reported owning 94K shares , representing an increase of 4.60%. The firm decreased its portfolio allocation in DTI by 1.20% over the last quarter.
Concurrent Investment Advisors holds 85K shares representing 0.29% ownership of the company. In its prior filing, the firm reported owning 65K shares , representing an increase of 23.53%. The firm increased its portfolio allocation in DTI by 4.67% over the last quarter.
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This story originally appeared on Fintel.
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