Xometry (NASDAQ:XMTR) Sets New 12-Month High at $63.73

Xometry, Inc. (NASDAQ:XMTRGet Rating)’s share price reached a new 52-week high on Wednesday . The company traded as high as $63.73 and last traded at $63.57, with a volume of 7402 shares traded. The stock had previously closed at $60.08.

Wall Street Analysts Forecast Growth

XMTR has been the subject of a number of recent research reports. CL King increased their price objective on Xometry from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Loop Capital reduced their price target on Xometry from $50.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. JPMorgan Chase & Co. reduced their price target on Xometry from $100.00 to $65.00 in a report on Wednesday, August 24th. Royal Bank of Canada raised their price target on Xometry from $46.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Finally, The Goldman Sachs Group raised their price target on Xometry from $44.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 11th.

Xometry Stock Down 1.7 %

The company has a quick ratio of 6.90, a current ratio of 6.93 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $47.65 and a two-hundred day moving average of $39.53.

Xometry (NASDAQ:XMTRGet Rating) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.16. Xometry had a negative return on equity of 15.95% and a negative net margin of 24.80%. The company had revenue of $95.62 million for the quarter, compared to analysts’ expectations of $91.90 million. On average, equities research analysts expect that Xometry, Inc. will post -1.4 EPS for the current fiscal year.

Insider Transactions at Xometry

In other Xometry news, CEO Randolph Altschuler sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $32.96, for a total transaction of $659,200.00. Following the transaction, the chief executive officer now directly owns 99,582 shares in the company, valued at $3,282,222.72. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Kathy Mayerhofer sold 1,640 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $60.00, for a total value of $98,400.00. Following the completion of the sale, the insider now owns 36,083 shares in the company, valued at approximately $2,164,980. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Randolph Altschuler sold 20,000 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $32.96, for a total value of $659,200.00. Following the transaction, the chief executive officer now owns 99,582 shares of the company’s stock, valued at approximately $3,282,222.72. The disclosure for this sale can be found here. Insiders sold a total of 130,140 shares of company stock valued at $5,504,465 in the last three months. 30.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in shares of Xometry during the first quarter worth approximately $33,000. Alpha Paradigm Partners LLC acquired a new position in Xometry in the second quarter valued at $60,000. Ensign Peak Advisors Inc bought a new stake in Xometry in the first quarter valued at $61,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Xometry in the first quarter valued at $67,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Xometry by 209.7% during the first quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock worth $70,000 after acquiring an additional 1,296 shares in the last quarter. 95.80% of the stock is currently owned by institutional investors and hedge funds.

Xometry Company Profile

(Get Rating)

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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