Xometry, Inc. (NASDAQ:XMTR) Receives Average Rating of “Hold” from Brokerages

Xometry, Inc. (NASDAQ:XMTR) has been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $57.8889.

A number of research firms recently weighed in on XMTR. Citigroup restated an “outperform” rating on shares of Xometry in a report on Wednesday, November 5th. Cantor Fitzgerald upped their target price on Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. The Goldman Sachs Group upped their price objective on shares of Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. JMP Securities set a $75.00 target price on shares of Xometry in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th.

Insider Buying and Selling

In other news, insider Subir Dutt sold 2,075 shares of Xometry stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $60.00, for a total value of $124,500.00. Following the completion of the sale, the insider owned 71,348 shares in the company, valued at $4,280,880. The trade was a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Randolph Altschuler sold 9,331 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $50.31, for a total transaction of $469,442.61. Following the transaction, the chief executive officer directly owned 310,271 shares in the company, valued at approximately $15,609,734.01. This represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,005 shares of company stock valued at $631,147 over the last 90 days. Company insiders own 9.66% of the company’s stock.

Institutional Investors Weigh In On Xometry

Several hedge funds and other institutional investors have recently bought and sold shares of XMTR. Ameriprise Financial Inc. boosted its position in shares of Xometry by 54.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares in the last quarter. Durable Capital Partners LP acquired a new position in Xometry during the 3rd quarter worth approximately $36,455,000. Gilder Gagnon Howe & Co. LLC raised its stake in Xometry by 248.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock worth $29,053,000 after buying an additional 613,282 shares during the period. Nuveen LLC bought a new position in Xometry in the first quarter worth approximately $14,639,000. Finally, Next Century Growth Investors LLC boosted its holdings in Xometry by 194.1% in the first quarter. Next Century Growth Investors LLC now owns 664,292 shares of the company’s stock worth $16,554,000 after acquiring an additional 438,393 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Stock Performance

Shares of XMTR stock opened at $59.79 on Friday. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -47.83 and a beta of 0.86. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $54.71 and its 200-day moving average price is $45.05. Xometry has a 12 month low of $18.59 and a 12 month high of $69.26.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The business had revenue of $180.72 million during the quarter, compared to analyst estimates of $168.25 million. During the same quarter last year, the business earned $0.02 EPS. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. Equities research analysts forecast that Xometry will post -0.66 EPS for the current 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.