Xometry, Inc. (NASDAQ:XMTR) Given Average Recommendation of “Hold” by Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR) have been given a consensus recommendation of “Hold” by the eleven research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $101.8750.

Several equities analysts have recently weighed in on XMTR shares. Wedbush began coverage on shares of Xometry in a research note on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price for the company. UBS Group raised their price objective on shares of Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Citigroup lifted their price objective on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group boosted their target price on shares of Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald increased their target price on Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th.

Insider Buying and Selling at Xometry

In other Xometry news, Director Fabio Rosati sold 8,100 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $91.45, for a total value of $740,745.00. Following the completion of the transaction, the director directly owned 93,567 shares of the company’s stock, valued at $8,556,702.15. This trade represents a 7.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James Miln sold 2,392 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $93.29, for a total transaction of $223,149.68. Following the transaction, the chief financial officer owned 179,131 shares of the company’s stock, valued at $16,711,130.99. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 29,553 shares of company stock worth $2,737,968. 9.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Several large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its stake in Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after acquiring an additional 690,558 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Xometry by 9.2% during the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after acquiring an additional 132,792 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after purchasing an additional 280,491 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Xometry during the fourth quarter worth about $76,393,000. Finally, State Street Corp raised its stake in Xometry by 1.2% in the fourth quarter. State Street Corp now owns 978,540 shares of the company’s stock valued at $58,194,000 after purchasing an additional 11,272 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Stock Down 1.6%

XMTR stock opened at $84.59 on Thursday. The stock has a fifty day moving average of $91.63 and a 200-day moving average of $70.01. Xometry has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -140.98 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $229.28 million for the quarter, compared to analysts’ expectations of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. As a group, equities research analysts predict that Xometry will post -0.02 earnings per share for the current year.

Xometry Company Profile

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.