Brokerages Set Xometry, Inc. (NASDAQ:XMTR) PT at $57.89

Xometry, Inc. (NASDAQ:XMTR) has received a consensus rating of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $57.8889.

Several equities research analysts recently weighed in on XMTR shares. Citizens Jmp increased their price target on shares of Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. JMP Securities set a $75.00 price target on shares of Xometry in a report on Wednesday, November 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st. Cantor Fitzgerald increased their target price on shares of Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Citigroup reissued an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th.

Insider Buying and Selling at Xometry

In other Xometry news, CFO James Miln sold 6,203 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $66.51, for a total value of $412,561.53. Following the transaction, the chief financial officer directly owned 134,397 shares of the company’s stock, valued at $8,938,744.47. This represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Randolph Altschuler sold 14,826 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $66.53, for a total value of $986,373.78. Following the completion of the sale, the chief executive officer owned 295,445 shares in the company, valued at approximately $19,655,955.85. This represents a 4.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 63,436 shares of company stock worth $4,165,072. Company insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XMTR. Sylebra Capital LLC lifted its holdings in shares of Xometry by 9.6% in the second quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock valued at $69,680,000 after buying an additional 180,533 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after buying an additional 690,558 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Xometry by 12.8% during the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock valued at $78,616,000 after acquiring an additional 164,278 shares during the last quarter. Baillie Gifford & Co. boosted its position in Xometry by 1.6% during the fourth quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock worth $77,677,000 after purchasing an additional 20,901 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Xometry by 0.9% during the second quarter. Geode Capital Management LLC now owns 1,084,117 shares of the company’s stock valued at $36,637,000 after purchasing an additional 9,360 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Trading Up 1.9%

XMTR opened at $65.22 on Friday. The business has a fifty day simple moving average of $61.17 and a 200-day simple moving average of $52.75. Xometry has a 52 week low of $18.59 and a 52 week high of $69.26. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20. The firm has a market cap of $3.34 billion, a P/E ratio of -52.18 and a beta of 0.86.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The company had revenue of $180.72 million for the quarter, compared to analyst estimates of $168.25 million. During the same quarter last year, the company earned $0.02 EPS. Xometry’s revenue for the quarter was up 27.5% compared to the same quarter last year. On average, equities analysts expect that Xometry will post -0.66 earnings per share for the current year.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.