Brokerages Set Xometry, Inc. (NASDAQ:XMTR) PT at $22.86

Shares of Xometry, Inc. (NASDAQ:XMTR) have earned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.86.

XMTR has been the topic of a number of research reports. JMP Securities raised their price objective on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Cantor Fitzgerald decreased their price target on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th.

Insider Buying and Selling at Xometry

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the transaction, the chief technology officer now owns 82,918 shares in the company, valued at approximately $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Xometry by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,800,370 shares of the company’s stock valued at $136,471,000 after buying an additional 26,718 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Xometry by 22.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after buying an additional 2,140 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Xometry during the first quarter valued at about $169,000. Clearbridge Investments LLC increased its position in shares of Xometry by 20.7% during the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after buying an additional 217,939 shares during the period. Finally, Sylebra Capital LLC increased its position in shares of Xometry by 1,005.3% during the first quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock valued at $10,882,000 after buying an additional 585,971 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Trading Up 14.2 %

Shares of Xometry stock opened at $22.48 on Friday. Xometry has a 12-month low of $11.08 and a 12-month high of $38.74. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -20.62 and a beta of 0.55. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89. The company’s 50-day moving average price is $19.00 and its 200-day moving average price is $16.44.

Xometry (NASDAQ:XMTR) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The business had revenue of $132.60 million for the quarter, compared to the consensus estimate of $128.65 million. During the same period last year, the firm posted ($0.55) earnings per share. Xometry’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts expect that Xometry will post -0.81 earnings per share for the current fiscal year.

Xometry Company Profile

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.