Xometry (NASDAQ:XMTR) Now Covered by Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald assumed coverage on shares of Xometry (NASDAQ:XMTRGet Free Report) in a note issued to investors on Wednesday, Briefing.com reports. The brokerage set an “underweight” rating and a $13.00 price target on the stock. Cantor Fitzgerald’s target price indicates a potential downside of 13.85% from the company’s current price.

XMTR has been the subject of a number of other reports. Royal Bank of Canada lowered their target price on Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. UBS Group decreased their price objective on Xometry from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Craig Hallum decreased their price objective on Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, May 10th. TheStreet downgraded Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group decreased their price objective on Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.71.

Get Our Latest Stock Analysis on XMTR

Xometry Trading Down 1.8 %

Shares of XMTR stock opened at $15.09 on Wednesday. The company has a market cap of $695.95 million, a P/E ratio of -11.10 and a beta of 0.58. The stock has a 50 day simple moving average of $16.67 and a two-hundred day simple moving average of $23.75. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.30 and a current ratio of 4.34. Xometry has a fifty-two week low of $13.57 and a fifty-two week high of $38.74.

Xometry (NASDAQ:XMTRGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The business had revenue of $122.69 million during the quarter, compared to the consensus estimate of $119.00 million. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. Research analysts forecast that Xometry will post -0.99 earnings per share for the current year.

Insider Activity at Xometry

In related news, insider Subir Dutt bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $15.55 per share, with a total value of $155,500.00. Following the completion of the transaction, the insider now directly owns 46,864 shares in the company, valued at $728,735.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Subir Dutt bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $15.55 per share, with a total value of $155,500.00. Following the completion of the transaction, the insider now directly owns 46,864 shares in the company, valued at $728,735.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Peter Goguen sold 3,943 shares of Xometry stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the transaction, the chief operating officer now directly owns 197,211 shares in the company, valued at approximately $3,472,885.71. The disclosure for this sale can be found here. Insiders have sold a total of 5,243 shares of company stock valued at $93,002 over the last 90 days. Insiders own 19.23% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new position in Xometry in the fourth quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Xometry by 13.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after purchasing an additional 894 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Xometry by 50,118.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock worth $289,000 after purchasing an additional 8,019 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new position in Xometry in the first quarter worth $169,000. Finally, Natixis Advisors L.P. purchased a new position in Xometry in the fourth quarter worth $361,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Xometry

(Get Free Report)

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.

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Analyst Recommendations for Xometry (NASDAQ:XMTR)

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