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

Shares of Xometry, Inc. (NASDAQ:XMTR) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $76.00.

XMTR has been the topic of a number of analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Wedbush lowered their target price on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Royal Bank Of Canada lifted their target price on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Citizens Jmp lifted their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Finally, Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd.

Xometry Trading Down 0.0%

Shares of XMTR opened at $95.29 on Friday. The business’s 50-day moving average price is $59.27 and its 200 day moving average price is $58.08. The stock has a market capitalization of $4.94 billion, a P/E ratio of -93.42 and a beta of 1.01. Xometry has a 1-year low of $29.60 and a 1-year high of $97.63. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to analysts’ expectations of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.Xometry’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. Analysts expect that Xometry will post -0.11 earnings per share for the current year.

Insiders Place Their Bets

In other Xometry news, CEO Randolph Altschuler sold 50,000 shares of Xometry stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $87.85, for a total transaction of $4,392,500.00. Following the transaction, the chief executive officer owned 455,248 shares of the company’s stock, valued at $39,993,536.80. The trade was a 9.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Subir Dutt sold 5,000 shares of Xometry stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $79.86, for a total value of $399,300.00. Following the transaction, the insider directly owned 104,732 shares in the company, valued at approximately $8,363,897.52. This trade represents a 4.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 67,443 shares of company stock worth $5,844,271. Insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Xometry

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Xometry by 23.7% during the 1st quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock valued at $9,614,000 after buying an additional 45,158 shares during the last quarter. Sylebra Capital LLC lifted its holdings in shares of Xometry by 31.3% during the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after buying an additional 127,637 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Xometry by 21.8% during the 1st quarter. California State Teachers Retirement System now owns 51,770 shares of the company’s stock valued at $2,114,000 after buying an additional 9,283 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Xometry during the 1st quarter valued at about $1,150,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of Xometry by 759.5% during the 1st quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock valued at $1,335,000 after buying an additional 28,890 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.