Xometry (NASDAQ:XMTR) Announces Quarterly Earnings Results

Xometry (NASDAQ:XMTR) announced its earnings results on Tuesday. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09, FiscalAI reports. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company had revenue of $252.44 million during the quarter, compared to analyst estimates of $235.54 million. During the same quarter last year, the firm posted $0.11 earnings per share. Xometry’s revenue was up 39.5% compared to the same quarter last year.

Xometry Stock Performance

NASDAQ XMTR opened at $95.49 on Tuesday. 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 company has a market cap of $4.95 billion, a P/E ratio of -159.15 and a beta of 1.23. The stock has a 50-day moving average of $96.37 and a two-hundred day moving average of $76.22. Xometry has a 1-year low of $35.86 and a 1-year high of $112.94.

Insider Buying and Selling at Xometry

In other news, CEO Sanjeev Sahni sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $108.80, for a total value of $163,200.00. Following the completion of the transaction, the chief executive officer owned 178,291 shares of the company’s stock, valued at approximately $19,398,060.80. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Katharine Weymouth sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $95.23, for a total transaction of $476,150.00. Following the completion of the transaction, the director directly owned 35,345 shares of the company’s stock, valued at approximately $3,365,904.35. The trade was a 12.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 64,699 shares of company stock worth $6,169,735 over the last ninety days. Company insiders own 9.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. Citigroup reiterated a “market outperform” rating on shares of Xometry in a report on Monday, September 21st. Wedbush began coverage on Xometry in a research report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price on the stock. Citizens Jmp restated a “market outperform” rating and set a $120.00 price target on shares of Xometry in a research note on Monday, September 21st. Finally, Rosenblatt Securities upped their price target on Xometry from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.18.

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.