Xometry (NASDAQ:XMTR) CFO James Miln Sells 1,500 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $97.06, for a total value of $145,590.00. Following the completion of the sale, the chief financial officer directly owned 181,523 shares of the company’s stock, valued at $17,618,622.38. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Miln also recently made the following trade(s):

• On Thursday, July 2nd, James Miln sold 2,392 shares of Xometry stock. The stock was sold at an average price of $93.29, for a total transaction of $223,149.68.
• On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $96.90, for a total transaction of $145,350.00.
• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $79.69, for a total transaction of $119,535.00.

Xometry Stock Up 0.7%

XMTR opened at $94.93 on Tuesday. Xometry, Inc. has a fifty-two week low of $30.63 and a fifty-two week high of $99.86. The firm has a market capitalization of $4.92 billion, a P/E ratio of -91.57 and a beta of 1.27. The company’s 50-day moving average is $83.30 and its 200 day moving average is $63.58. 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 (NASDAQ:XMTR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) EPS. Research analysts expect that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Xometry

Hedge funds have recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of Xometry by 12.8% in the third quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock worth $78,616,000 after buying an additional 164,278 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in Xometry by 115.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock valued at $50,132,000 after acquiring an additional 451,259 shares in the last quarter. Blair William & Co. IL grew its stake in Xometry by 22.1% during the third quarter. Blair William & Co. IL now owns 324,565 shares of the company’s stock valued at $17,679,000 after acquiring an additional 58,707 shares in the last quarter. Comerica Bank increased its holdings in Xometry by 2,427.4% during the 4th quarter. Comerica Bank now owns 28,812 shares of the company’s stock worth $1,713,000 after acquiring an additional 27,672 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in Xometry during the 3rd quarter worth approximately $2,623,000. 97.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XMTR. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Citigroup upped their price objective on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Citizens Jmp lifted their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Finally, Royal Bank Of Canada increased their price target on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $76.00.

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.