Insider Buying: Xometry (NASDAQ:XMTR) Director Acquires $3,999,930.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Lukas Alexander Biewald bought 47,058 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the completion of the transaction, the director owned 55,134 shares in the company, valued at approximately $4,686,390. This trade represents a 582.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Xometry Stock Down 2.5%

Shares of NASDAQ XMTR opened at $80.66 on Friday. The stock has a market cap of $4.18 billion, a PE ratio of -79.08 and a beta of 1.27. 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, Inc. has a 52-week low of $29.60 and a 52-week high of $99.86. The business has a 50-day moving average price of $63.72 and a 200 day moving average price of $58.84.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data 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. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. During the same period last year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. Equities research analysts forecast that Xometry, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

XMTR has been the subject of a number of recent research reports. Citigroup increased their price objective on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Xometry in a research report on Friday, May 8th. Royal Bank Of Canada increased their price objective on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.00.

Hedge Funds Weigh In On Xometry

Large investors have recently modified their holdings of the business. Kemnay Advisory Services Inc. purchased a new position in shares of Xometry during the 4th quarter worth approximately $28,000. Quantbot Technologies LP purchased a new position in shares of Xometry during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC raised its stake in shares of Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after buying an additional 162 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Xometry during the 4th quarter worth approximately $59,000. Finally, Comerica Bank raised its stake in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.