Xometry, Inc. (NASDAQ:XMTR) Given Consensus Rating of “Buy” by Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTRGet Rating) have been given an average rating of “Buy” by the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $73.33.

Several equities analysts have recently weighed in on XMTR shares. Loop Capital started coverage on shares of Xometry in a research report on Monday, April 11th. They issued a “buy” rating and a $50.00 price objective on the stock. CL King dropped their price objective on shares of Xometry from $65.00 to $55.00 in a research report on Thursday, May 12th. Finally, Zacks Investment Research lowered shares of Xometry from a “buy” rating to a “hold” rating in a research report on Wednesday, March 23rd.

In related news, insider Laurence Zuriff sold 3,857 shares of the firm’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $44.53, for a total transaction of $171,752.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO James M. Rallo sold 23,529 shares of the firm’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $35.06, for a total transaction of $824,926.74. Following the completion of the transaction, the chief financial officer now directly owns 21,687 shares in the company, valued at $760,346.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,408 shares of company stock worth $2,457,417.

A number of hedge funds have recently added to or reduced their stakes in XMTR. Morgan Stanley bought a new position in Xometry in the 2nd quarter valued at about $583,000. SG Americas Securities LLC bought a new position in Xometry in the 3rd quarter valued at about $185,000. New York State Common Retirement Fund bought a new position in Xometry in the 3rd quarter valued at about $167,000. Deutsche Bank AG bought a new position in Xometry in the 3rd quarter valued at about $284,000. Finally, Principal Financial Group Inc. increased its holdings in Xometry by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 160,008 shares of the company’s stock valued at $9,228,000 after buying an additional 4,508 shares during the period. 77.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of XMTR stock opened at $29.49 on Friday. The stock has a market cap of $1.30 billion and a P/E ratio of -10.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 7.86 and a quick ratio of 7.82. The company has a fifty day moving average price of $35.64 and a two-hundred day moving average price of $43.91. Xometry has a one year low of $26.61 and a one year high of $97.57.

Xometry (NASDAQ:XMTRGet Rating) last issued its quarterly earnings data on Thursday, March 17th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The company had revenue of $67.10 million during the quarter, compared to the consensus estimate of $66.97 million. Xometry had a negative net margin of 27.47% and a negative return on equity of 23.42%. As a group, equities research analysts anticipate that Xometry will post -1.02 EPS for the current fiscal year.

Xometry Company Profile (Get Rating)

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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Analyst Recommendations for Xometry (NASDAQ:XMTR)

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