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

Shares of Xometry, Inc. (NASDAQ:XMTR) have received an average rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $57.8889.

A number of brokerages have commented on XMTR. Citizens Jmp raised their price objective on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 5th. Cantor Fitzgerald boosted their price objective on shares of Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. JMP Securities set a $75.00 price objective on shares of Xometry in a research note on Wednesday, November 5th. Wedbush lifted their target price on shares of Xometry from $48.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th.

Insider Buying and Selling at Xometry

In other Xometry news, CFO James Miln sold 599 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $62.11, for a total value of $37,203.89. Following the transaction, the chief financial officer directly owned 141,796 shares of the company’s stock, valued at $8,806,949.56. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Subir Dutt sold 2,075 shares of Xometry stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $60.00, for a total value of $124,500.00. Following the sale, the insider owned 71,348 shares of the company’s stock, valued at approximately $4,280,880. This represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,005 shares of company stock worth $631,147 over the last 90 days. 9.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Xometry

Large investors have recently added to or reduced their stakes in the business. Hood River Capital Management LLC boosted its holdings in Xometry by 29.7% during the second quarter. Hood River Capital Management LLC now owns 404,853 shares of the company’s stock valued at $13,680,000 after acquiring an additional 92,741 shares during the period. LVW Advisors LLC bought a new stake in Xometry during the 2nd quarter valued at approximately $388,000. Squarepoint Ops LLC boosted its stake in Xometry by 33.9% during the 2nd quarter. Squarepoint Ops LLC now owns 183,799 shares of the company’s stock valued at $6,211,000 after purchasing an additional 46,502 shares during the period. Sheets Smith Investment Management acquired a new stake in Xometry in the 1st quarter valued at approximately $347,000. Finally, Zweig DiMenna Associates LLC bought a new position in Xometry in the 2nd quarter worth approximately $1,605,000. 97.31% of the stock is owned by institutional investors.

Xometry Trading Down 1.8%

Xometry stock opened at $63.14 on Wednesday. Xometry has a 52 week low of $18.59 and a 52 week high of $69.26. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of -50.51 and a beta of 0.86. The company has a 50 day moving average price of $58.44 and a 200 day moving average price of $48.53.

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

Xometry Company Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.