Xometry (NASDAQ:XMTR) Coverage Initiated by Analysts at Rosenblatt Securities

Equities research analysts at Rosenblatt Securities began coverage on shares of Xometry (NASDAQ:XMTR) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $110.00 price target on the stock. Rosenblatt Securities’ target price indicates a potential upside of 30.04% from the stock’s previous close.

A number of other brokerages have also recently issued reports on XMTR. Citigroup upped their price objective on Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group upped their price target on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. UBS Group lifted their price objective on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Finally, Citizens Jmp boosted their price target on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.78.

Xometry Stock Down 1.6%

XMTR stock opened at $84.59 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The stock has a market capitalization of $4.38 billion, a P/E ratio of -140.98 and a beta of 1.29. Xometry has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. The business has a 50-day moving average of $91.63 and a 200-day moving average of $70.01.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The firm had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’s revenue was up 41.1% on a year-over-year basis. On average, sell-side analysts anticipate that Xometry will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Xometry

In other Xometry news, CEO Sanjeev Singh Sahni sold 1,500 shares of Xometry stock in a transaction on Monday, August 17th. The stock was sold at an average price of $90.19, for a total value of $135,285.00. Following the completion of the transaction, the chief executive officer directly owned 182,403 shares of the company’s stock, valued at $16,450,926.57. The trade was a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fabio Rosati sold 1,900 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $89.72, for a total value of $170,468.00. Following the sale, the director owned 91,667 shares of the company’s stock, valued at approximately $8,224,363.24. The trade was a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,553 shares of company stock valued at $2,737,968 over the last ninety days. 9.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Xometry

A number of large investors have recently modified their holdings of the business. Kemnay Advisory Services Inc. bought a new stake in shares of Xometry during the 4th quarter valued at approximately $28,000. Quantbot Technologies LP acquired a new stake in shares of Xometry during the 3rd quarter valued at $30,000. Leonteq Securities AG acquired a new stake in shares of Xometry during the 4th quarter valued at $59,000. Comerica Bank increased its holdings in Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after purchasing an additional 173 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Xometry by 74.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after purchasing an additional 697 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.