Cantor Fitzgerald Raises Earnings Estimates for Xometry

Xometry, Inc. (NASDAQ:XMTR) – Cantor Fitzgerald lifted their FY2024 earnings per share (EPS) estimates for Xometry in a research note issued to investors on Wednesday, November 6th. Cantor Fitzgerald analyst T. Jensen now forecasts that the company will post earnings of ($0.68) per share for the year, up from their previous estimate of ($0.77). Cantor Fitzgerald has a “Underweight” rating and a $12.00 price objective on the stock. The consensus estimate for Xometry’s current full-year earnings is ($0.79) per share.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.13. The firm had revenue of $132.60 million for the quarter, compared to the consensus estimate of $128.65 million. Xometry had a negative net margin of 9.72% and a negative return on equity of 10.16%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.55) EPS.

XMTR has been the subject of several other reports. Craig Hallum upped their target price on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup upped their price target on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JMP Securities lifted their price objective on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. UBS Group boosted their price target on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Xometry presently has a consensus rating of “Hold” and an average target price of $26.29.

Xometry Stock Performance

Shares of XMTR opened at $30.59 on Monday. The stock’s 50-day simple moving average is $19.77 and its 200 day simple moving average is $16.84. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -29.13 and a beta of 0.55. Xometry has a 52-week low of $11.08 and a 52-week high of $38.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.60 and a current ratio of 4.59.

Insider Activity at Xometry

In other news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the sale, the chief technology officer now owns 82,918 shares of the company’s stock, 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 SEC, which is accessible through this link. 16.79% of the stock is currently owned by insiders.

Institutional Trading of Xometry

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its holdings in Xometry by 22.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares in the last quarter. Vanguard Group Inc. raised its holdings in Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after acquiring an additional 76,976 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Xometry during the first quarter worth $169,000. Clearbridge Investments LLC raised its position in shares of Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after acquiring an additional 217,939 shares in the last quarter. Finally, Sylebra Capital LLC raised its holdings in Xometry by 1,005.3% during the first quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock worth $10,882,000 after purchasing an additional 585,971 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.