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

Xometry, Inc. (NASDAQ:XMTR) has earned a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $76.00.

XMTR has been the topic of several research reports. Royal Bank Of Canada upped their price objective on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research note on Thursday, April 30th. Citizens Jmp upped their price objective on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $78.00 price objective on shares of Xometry in a research note on Friday, May 8th.

Xometry Trading Up 2.4%

Shares of XMTR opened at $96.52 on Wednesday. The company has a market capitalization of $5.00 billion, a P/E ratio of -94.63 and a beta of 1.27. Xometry has a one year low of $30.63 and a one year high of $99.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The stock has a 50-day moving average price of $79.66 and a 200 day moving average price of $62.62.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The firm had revenue of $205.14 million for the quarter, compared to analysts’ expectations of $188.46 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Xometry’s revenue for the quarter was up 35.9% compared to the same quarter last year. Sell-side analysts forecast that Xometry will post -0.11 EPS for the current fiscal year.

Insider Transactions at Xometry

In other Xometry news, insider Subir Dutt sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00. Following the sale, the insider owned 94,789 shares in the company, valued at $9,004,955. This represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lukas Alexander Biewald acquired 47,058 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $85.00 per share, for a total transaction of $3,999,930.00. Following the purchase, the director directly owned 55,134 shares of the company’s stock, valued at $4,686,390. This represents a 582.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 67,943 shares of company stock worth $5,947,601. 9.10% of the stock is owned by corporate insiders.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its position in shares of Xometry by 54.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares during the period. First Trust Advisors LP raised 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 worth $93,729,000 after purchasing an additional 132,792 shares during the period. Baillie Gifford & Co. raised its position in shares of Xometry by 1.6% during the 4th 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. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Xometry during the 4th quarter worth approximately $76,393,000. Finally, State Street Corp raised its position in shares of Xometry by 1.2% during the 4th quarter. State Street Corp now owns 978,540 shares of the company’s stock worth $58,194,000 after purchasing an additional 11,272 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.