Insider Selling: Xometry (NASDAQ:XMTR) Director Sells $170,468.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) 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. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, August 10th, Fabio Rosati sold 8,100 shares of Xometry stock. The shares were sold at an average price of $91.45, for a total value of $740,745.00.

Xometry Trading Up 1.5%

Shares of NASDAQ:XMTR opened at $94.47 on Friday. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of -157.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The stock’s 50-day simple moving average is $91.03 and its two-hundred day simple moving average is $69.30. Xometry, Inc. has a 52-week low of $35.86 and a 52-week high of $106.08.

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

Institutional Investors Weigh In On Xometry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XMTR. Kemnay Advisory Services Inc. purchased a new position in Xometry during the fourth quarter valued at approximately $28,000. Quantbot Technologies LP purchased a new stake in shares of Xometry in the third quarter worth $30,000. Leonteq Securities AG bought a new stake in shares of Xometry during the 4th quarter valued at $59,000. CoreCap Advisors LLC bought a new stake in shares of Xometry during the 2nd quarter valued at $97,000. Finally, Comerica Bank lifted 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 valued at $62,000 after buying an additional 173 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on XMTR. The Goldman Sachs Group increased 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. Wedbush assumed coverage on Xometry in a research note on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective for the company. Royal Bank Of Canada raised their target price on Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Cantor Fitzgerald lifted their target price on Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $101.88.

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.