Xometry (NASDAQ:XMTR) Director Sells $740,745.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Fabio Rosati sold 8,100 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $91.45, for a total value of $740,745.00. Following the transaction, the director directly owned 93,567 shares of the company’s stock, valued at approximately $8,556,702.15. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fabio Rosati also recently made the following trade(s):

• On Tuesday, August 11th, Fabio Rosati sold 1,900 shares of Xometry stock. The stock was sold at an average price of $89.72, for a total transaction of $170,468.00.

Xometry Price Performance

NASDAQ XMTR opened at $94.47 on Friday. The firm’s 50 day moving average is $91.03 and its 200-day moving average is $69.30. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.90 billion, a PE ratio of -157.45 and a beta of 1.29. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $106.08.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Citizens Jmp increased their price target on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. UBS Group boosted their price target on Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wedbush started coverage on Xometry in a research note on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $101.88.

Hedge Funds Weigh In On Xometry

A number of hedge funds and other institutional investors have recently bought and sold shares of XMTR. Kemnay Advisory Services Inc. acquired a new position in Xometry during the fourth quarter worth approximately $28,000. Quantbot Technologies LP acquired a new stake in shares of Xometry in the third quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in shares of Xometry in the fourth quarter valued at approximately $59,000. Comerica Bank boosted its stake in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Xometry by 74.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after acquiring an additional 697 shares during the period. Institutional investors 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.