Xometry (NASDAQ:XMTR) Given “Market Outperform” Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Xometry (NASDAQ:XMTR) in a report issued on Tuesday morning, Benzinga reports. JMP Securities currently has a $30.00 price objective on the stock.

Several other research firms also recently weighed in on XMTR. TheStreet downgraded shares of Xometry from a c- rating to a d rating in a report on Thursday, February 29th. The Goldman Sachs Group dropped their target price on shares of Xometry from $46.00 to $28.00 and set a buy rating for the company in a report on Friday, March 1st. UBS Group dropped their target price on shares of Xometry from $22.00 to $21.00 and set a neutral rating for the company in a report on Wednesday, March 13th. Finally, Royal Bank of Canada dropped their target price on shares of Xometry from $38.00 to $23.00 and set a sector perform rating for the company in a report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $26.67.

Xometry Stock Performance

Shares of XMTR opened at $17.38 on Tuesday. The company has a 50-day simple moving average of $20.29 and a 200-day simple moving average of $23.80. The company has a quick ratio of 4.25, a current ratio of 4.28 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $844.32 million, a PE ratio of -12.41 and a beta of 0.71. Xometry has a 52-week low of $12.45 and a 52-week high of $38.74.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, February 29th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. The business had revenue of $128.15 million for the quarter, compared to analysts’ expectations of $127.78 million. Equities research analysts predict that Xometry will post -0.64 earnings per share for the current fiscal year.

Insider Transactions at Xometry

In other news, Director Emily Rollins sold 1,000 shares of Xometry stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $32.39, for a total transaction of $32,390.00. Following the completion of the sale, the director now directly owns 10,770 shares in the company, valued at $348,840.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Emily Rollins sold 1,000 shares of Xometry stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $32.39, for a total transaction of $32,390.00. Following the completion of the sale, the director now directly owns 10,770 shares in the company, valued at $348,840.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Peter Goguen sold 3,943 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total transaction of $69,436.23. Following the completion of the sale, the chief operating officer now directly owns 197,211 shares in the company, valued at $3,472,885.71. The disclosure for this sale can be found here. Insiders sold a total of 11,243 shares of company stock worth $279,642 over the last ninety days. 19.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently modified their holdings of XMTR. SG Americas Securities LLC acquired a new stake in shares of Xometry in the third quarter worth approximately $560,000. Bank of New York Mellon Corp boosted its position in shares of Xometry by 7.7% in the third quarter. Bank of New York Mellon Corp now owns 152,545 shares of the company’s stock worth $2,590,000 after acquiring an additional 10,913 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Xometry in the third quarter worth approximately $180,000. Swiss National Bank boosted its position in shares of Xometry by 1.1% in the third quarter. Swiss National Bank now owns 84,400 shares of the company’s stock worth $1,433,000 after acquiring an additional 900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Xometry by 29.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock worth $5,080,000 after acquiring an additional 67,443 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.