Xometry, Inc. (XMTR) – What Are Researchers Thinking About This Stock?

Xometry, Inc. (NASDAQ:XMTR) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $113.18.

A number of research analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Wedbush started coverage on shares of Xometry in a research note on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective on the stock. Raymond James Financial set a $120.00 price objective on shares of Xometry in a research note on Tuesday, September 22nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $120.00 target price on shares of Xometry in a report on Monday, September 21st. Finally, Rosenblatt Securities boosted their target price on shares of Xometry from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd.

Insider Activity

In other Xometry news, Director Randolph Altschuler sold 5,721 shares of Xometry stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $103.32, for a total value of $591,093.72. Following the completion of the transaction, the director owned 423,029 shares of the company’s stock, valued at approximately $43,707,356.28. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Vaidyanathan Raghavan sold 1,866 shares of Xometry stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $103.28, for a total transaction of $192,720.48. Following the completion of the transaction, the chief technology officer directly owned 133,911 shares of the company’s stock, valued at $13,830,328.08. The trade was a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 64,699 shares of company stock worth $6,169,735 in the last ninety days. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently modified their holdings of XMTR. Odyssean LLC acquired a new stake in Xometry in the second quarter valued at approximately $1,464,000. Zevenbergen Capital Investments LLC increased its position in shares of Xometry by 115.1% in the third quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock valued at $30,603,000 after buying an additional 159,227 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Xometry by 759.5% in the first quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock valued at $1,335,000 after buying an additional 28,890 shares in the last quarter. Sylebra Capital LLC raised its stake in shares of Xometry by 31.3% during the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after buying an additional 127,637 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Xometry during the 1st quarter worth approximately $1,150,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Stock Performance

NASDAQ XMTR opened at $93.65 on Tuesday. The firm has a market capitalization of $4.85 billion, a P/E ratio of -156.08 and a beta of 1.23. The stock has a 50-day simple moving average of $96.13 and a two-hundred day simple moving average of $76.07. 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 has a fifty-two week low of $35.86 and a fifty-two week high of $112.94.

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

About Xometry

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.