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

Shares of Xometry, Inc. (NASDAQ:XMTR) have received an average rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $76.00.

Several brokerages have commented on XMTR. UBS Group boosted their price target on shares of Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Citigroup boosted their price target on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Zacks Research raised shares of Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Wedbush dropped their target price on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th.

Insider Buying and Selling

In other news, CFO James Miln sold 1,500 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $96.90, for a total value of $145,350.00. Following the sale, the chief financial officer directly owned 183,023 shares of the company’s stock, valued at approximately $17,734,928.70. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emily Rollins sold 1,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $42.02, for a total transaction of $42,020.00. Following the completion of the sale, the director directly owned 15,136 shares in the company, valued at approximately $636,014.72. The trade was a 6.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 68,943 shares of company stock worth $5,989,621 in the last 90 days. 9.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Xometry

A number of institutional investors and hedge funds have recently modified their holdings of XMTR. Royal Bank of Canada raised its holdings in shares of Xometry by 5.0% in the 1st quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock valued at $1,511,000 after purchasing an additional 2,899 shares during the period. AQR Capital Management LLC bought a new stake in shares of Xometry in the 1st quarter valued at about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Xometry by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock valued at $649,000 after purchasing an additional 1,877 shares during the period. Goldman Sachs Group Inc. grew its stake in Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock valued at $11,281,000 after buying an additional 95,154 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Xometry by 476.1% in the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock valued at $8,055,000 after buying an additional 197,013 shares during the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Trading Up 0.2%

Shares of NASDAQ:XMTR opened at $91.77 on Wednesday. The company’s 50-day moving average price is $74.85 and its two-hundred day moving average price is $61.43. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. Xometry has a one year low of $30.63 and a one year high of $99.86. The stock has a market capitalization of $4.76 billion, a PE ratio of -89.97 and a beta of 1.27.

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