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

Shares of Xometry, Inc. (NASDAQ:XMTR) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $57.8889.

A number of equities research analysts have recently weighed in on XMTR shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a research note on Wednesday. Cantor Fitzgerald increased 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. Citigroup reissued an “outperform” rating on shares of Xometry in a research report on Wednesday, November 5th. Citizens Jmp raised 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. Finally, The Goldman Sachs Group upped their price objective on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th.

Insider Activity at Xometry

In other news, CTO Vaidyanathan Raghavan sold 3,570 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $66.51, for a total transaction of $237,440.70. Following the transaction, the chief technology officer owned 38,397 shares of the company’s stock, valued at approximately $2,553,784.47. This represents a 8.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Subir Dutt sold 3,929 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $65.55, for a total value of $257,545.95. Following the sale, the insider directly owned 67,419 shares of the company’s stock, valued at $4,419,315.45. The trade was a 5.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 63,436 shares of company stock worth $4,165,072 in the last 90 days. Insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of XMTR. GAMMA Investing LLC raised its holdings in Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after acquiring an additional 162 shares during the period. Comerica Bank grew its position in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares during the last quarter. Arizona State Retirement System grew its position in shares of Xometry by 2.0% in the third quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock valued at $713,000 after purchasing an additional 256 shares during the last quarter. Mariner LLC increased its stake in shares of Xometry by 3.2% in the third quarter. Mariner LLC now owns 9,844 shares of the company’s stock worth $536,000 after purchasing an additional 301 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Xometry by 68.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock worth $34,000 after purchasing an additional 412 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Trading Down 1.4%

Shares of NASDAQ:XMTR opened at $61.55 on Friday. The firm has a fifty day moving average of $60.88 and a two-hundred day moving average of $52.22. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20. Xometry has a 12-month low of $18.59 and a 12-month high of $69.26. The firm has a market capitalization of $3.15 billion, a P/E ratio of -49.24 and a beta of 0.86.

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

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.