Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Recommendation of “Hold” from Analysts

Xometry, Inc. (NASDAQ:XMTR) has received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $57.8889.

Several brokerages recently issued reports on XMTR. Citigroup restated an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. Cantor Fitzgerald lifted their price objective on Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, October 8th. Wedbush raised their target price on Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Citizens Jmp boosted their price target on shares of Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a report on Wednesday, November 5th.

Insider Activity

In related news, CFO James Miln sold 599 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $62.11, for a total value of $37,203.89. Following the sale, the chief financial officer owned 141,796 shares of the company’s stock, valued at $8,806,949.56. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Randolph Altschuler sold 9,331 shares of the 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 completion of the transaction, the chief executive officer directly owned 310,271 shares of the company’s stock, valued at $15,609,734.01. This trade represents a 2.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 12,005 shares of company stock worth $631,147. Corporate insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Xometry

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new stake in Xometry in the 3rd quarter valued at $467,000. Polar Asset Management Partners Inc. bought a new position in shares of Xometry during the third quarter valued at $2,623,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Xometry in the 3rd quarter valued at $253,000. Castleark Management LLC grew its holdings in shares of Xometry by 27.6% in the 3rd quarter. Castleark Management LLC now owns 163,948 shares of the company’s stock worth $8,930,000 after purchasing an additional 35,498 shares during the last quarter. Finally, Worth Venture Partners LLC bought a new stake in shares of Xometry in the 3rd quarter worth about $391,000. Institutional investors own 97.31% of the company’s stock.

Xometry Price Performance

NASDAQ:XMTR opened at $63.14 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.62 and a quick ratio of 3.58. Xometry has a one year low of $18.59 and a one year high of $69.26. The company has a fifty day moving average price of $58.44 and a 200 day moving average price of $48.53. The stock has a market cap of $3.24 billion, a P/E ratio of -50.51 and a beta of 0.86.

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

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.