Xometry (NASDAQ:XMTR) Director Sells $421,550.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $84.31, for a total transaction of $421,550.00. Following the sale, the director directly owned 15,136 shares of the company’s stock, valued at approximately $1,276,116.16. This trade represents a 24.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Xometry Stock Performance

XMTR opened at $83.59 on Monday. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -139.31 and a beta of 1.30. The company has a fifty day moving average of $91.50 and a 200 day moving average of $70.37. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. 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 (NASDAQ:XMTR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $215.22 million. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Xometry, Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new position in shares of 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 approximately $30,000. Leonteq Securities AG purchased a new stake in shares of Xometry in the fourth quarter worth approximately $59,000. CoreCap Advisors LLC bought a new stake in shares of Xometry during the 2nd quarter worth approximately $97,000. Finally, Nykredit A S bought a new stake in shares of Xometry during the 2nd quarter worth approximately $103,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XMTR. 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 report on Wednesday, August 5th. Wedbush began 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. Rosenblatt Securities began coverage on Xometry in a research report on Thursday. They set a “buy” rating and a $110.00 price objective on the stock. Citigroup raised their price objective on Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Citizens Jmp boosted their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.78.

Xometry Company Profile

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.