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

Xometry, Inc. (NASDAQ:XMTR) has been given a consensus rating of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $84.25.

A number of brokerages have issued reports on XMTR. Royal Bank Of Canada boosted their price target on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Citigroup lifted their target price on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. The Goldman Sachs Group reissued a “neutral” rating and set a $78.00 price target on shares of Xometry in a report on Friday, May 8th. Finally, Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research report on Thursday, April 30th.

Insiders Place Their Bets

In related news, CTO Vaidyanathan Raghavan sold 1,866 shares of Xometry stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $93.21, for a total value of $173,929.86. Following the completion of the transaction, the chief technology officer owned 140,777 shares in the company, valued at $13,121,824.17. The trade was a 1.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 completion of the transaction, the insider owned 104,732 shares of the company’s stock, valued at approximately $8,363,897.52. This represents a 4.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 80,496 shares of company stock valued at $7,124,340. Insiders own 9.10% of the company’s stock.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently made changes to their positions in XMTR. Kemnay Advisory Services Inc. purchased a new position in shares of Xometry during the 4th quarter valued at approximately $28,000. Quantbot Technologies LP purchased a new stake in Xometry in the 3rd quarter worth $30,000. GAMMA Investing LLC raised its position in Xometry by 26.5% during the fourth 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. Leonteq Securities AG acquired a new position in Xometry during the fourth quarter worth $59,000. Finally, Comerica Bank raised its position in Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares during the period. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Xometry Stock Performance

Shares of XMTR stock opened at $98.54 on Friday. The stock has a market cap of $5.11 billion, a PE ratio of -96.61 and a beta of 1.27. The business has a 50-day simple moving average of $90.32 and a 200-day simple moving average of $65.64. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. Xometry has a 52-week low of $30.63 and a 52-week high of $102.00.

Xometry (NASDAQ:XMTR) last posted its 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. The firm had revenue of $205.14 million for the quarter, compared to analyst estimates 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 for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, equities analysts expect that Xometry will post -0.06 EPS for the current 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.