Xometry (NASDAQ:XMTR) Sees Large Volume Increase

Shares of Xometry, Inc. (NASDAQ:XMTRGet Rating) saw unusually-strong trading volume on Monday . Approximately 17,012 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 553,302 shares.The stock last traded at $34.93 and had previously closed at $33.51.

Wall Street Analyst Weigh In

Several equities analysts recently commented on XMTR shares. The Goldman Sachs Group reduced their price objective on shares of Xometry from $51.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. Loop Capital reduced their price objective on shares of Xometry from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, CL King reduced their price objective on shares of Xometry from $65.00 to $55.00 in a research note on Thursday, May 12th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $70.33.

Xometry Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.68, a quick ratio of 7.82 and a current ratio of 7.86. The firm has a market cap of $1.60 billion and a PE ratio of -13.12. The stock’s 50 day simple moving average is $33.52 and its 200 day simple moving average is $39.68.

Xometry (NASDAQ:XMTRGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.09. Xometry had a negative net margin of 27.47% and a negative return on equity of 23.42%. The business had revenue of $83.67 million during the quarter, compared to analysts’ expectations of $81.02 million. On average, sell-side analysts forecast that Xometry, Inc. will post -1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director George Hornig sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the sale, the director now directly owns 114,851 shares in the company, valued at approximately $3,867,033.17. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director George Hornig sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the sale, the director now directly owns 114,851 shares in the company, valued at approximately $3,867,033.17. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kathy Mayerhofer sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $35.47, for a total transaction of $1,064,100.00. Following the completion of the sale, the insider now owns 57,723 shares of the company’s stock, valued at $2,047,434.81. The disclosure for this sale can be found here. Insiders sold a total of 138,244 shares of company stock valued at $4,745,003 in the last quarter.

Institutional Investors Weigh In On Xometry

A number of hedge funds have recently made changes to their positions in the business. Highland Management Partners 9 LLC bought a new stake in Xometry during the 4th quarter valued at $281,740,000. Foundry Group LLC bought a new stake in Xometry during the 4th quarter valued at $167,923,000. Capital World Investors raised its holdings in Xometry by 55.2% during the 1st quarter. Capital World Investors now owns 2,139,600 shares of the company’s stock valued at $78,630,000 after buying an additional 761,100 shares during the last quarter. Vanguard Group Inc. raised its holdings in Xometry by 245.6% during the 1st quarter. Vanguard Group Inc. now owns 2,012,915 shares of the company’s stock valued at $73,975,000 after buying an additional 1,430,477 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Xometry by 2.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,936,109 shares of the company’s stock valued at $71,152,000 after buying an additional 48,443 shares during the last quarter. 77.31% of the stock is currently owned by institutional investors.

About Xometry

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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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