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

Xometry, Inc. (NASDAQ:XMTR) has been given an average recommendation of “Hold” by the ten research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $57.8889.

XMTR has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Citizens Jmp upped their price target on Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 5th. JMP Securities set a $75.00 price target on shares of Xometry in a report on Wednesday, November 5th. Cantor Fitzgerald raised their price objective on shares of Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Xometry in a report on Wednesday, November 5th.

Insider Activity at Xometry

In related news, CEO Randolph Altschuler sold 9,331 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $50.31, for a total transaction of $469,442.61. Following the transaction, the chief executive officer directly owned 310,271 shares of the company’s stock, valued at approximately $15,609,734.01. This trade represents a 2.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Subir Dutt sold 2,075 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $60.00, for a total transaction of $124,500.00. Following the transaction, the insider owned 71,348 shares in the company, valued at $4,280,880. The trade was a 2.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,005 shares of company stock valued at $631,147 over the last 90 days. 9.66% of the stock is owned by insiders.

Institutional Trading of Xometry

Several hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in Xometry during the third quarter valued at about $30,000. Advisors Asset Management Inc. lifted its stake in shares of Xometry by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock valued at $34,000 after acquiring an additional 412 shares during the last quarter. Westend Capital Management LLC bought a new stake in shares of Xometry in the 3rd quarter valued at about $41,000. Global Retirement Partners LLC purchased a new stake in Xometry during the 3rd quarter valued at about $47,000. Finally, KBC Group NV bought a new position in Xometry during the 2nd quarter worth approximately $55,000. 97.31% of the stock is owned by institutional investors.

Xometry Stock Performance

Shares of XMTR stock opened at $59.79 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.62 and a quick ratio of 3.58. The company has a market cap of $3.06 billion, a P/E ratio of -47.83 and a beta of 0.86. Xometry has a one year low of $18.59 and a one year high of $69.26. The firm has a 50-day moving average of $54.71 and a 200-day moving average of $45.05.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The company had revenue of $180.72 million for the quarter, compared to the consensus estimate of $168.25 million. During the same period in the previous year, the firm earned $0.02 EPS. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. Equities research analysts forecast that Xometry will post -0.66 EPS for the current fiscal year.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.