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

Shares of Xometry, Inc. (NASDAQ:XMTR) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment 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 1-year target price among brokerages that have issued a report on the stock in the last year is $57.8889.

A number of research analysts have issued reports on XMTR shares. The Goldman Sachs Group boosted their price target on Xometry from $49.00 to $56.00 and gave the stock 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. Citizens Jmp upped their price objective on shares of Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. Wedbush increased their target price on shares of Xometry from $48.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th.

Xometry Stock Down 1.4%

Xometry stock opened at $61.55 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62. Xometry has a one year low of $18.59 and a one year high of $69.26. The company has a 50-day simple moving average of $60.88 and a 200-day simple moving average of $52.22. The firm has a market capitalization of $3.15 billion, a P/E ratio of -49.24 and a beta of 0.86.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The firm had revenue of $180.72 million for the quarter, compared to the consensus estimate of $168.25 million. During the same period last year, the firm posted $0.02 EPS. Xometry’s quarterly revenue was up 27.5% compared to the same quarter last year. As a group, equities analysts expect that Xometry will post -0.66 earnings per share for the current year.

Insider Buying and Selling at Xometry

In other news, CEO Randolph Altschuler sold 14,826 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $66.53, for a total value of $986,373.78. Following the completion of the sale, the chief executive officer owned 295,445 shares in the company, valued at $19,655,955.85. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Sanjeev Singh Sahni sold 26,190 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $65.47, for a total value of $1,714,659.30. Following the transaction, the president directly owned 63,130 shares of the company’s stock, valued at $4,133,121.10. This represents a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 63,436 shares of company stock valued at $4,165,072. 9.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Xometry

A number of institutional investors and hedge funds have recently modified their holdings of XMTR. Hood River Capital Management LLC lifted its stake in Xometry by 29.7% in the 2nd quarter. Hood River Capital Management LLC now owns 404,853 shares of the company’s stock worth $13,680,000 after acquiring an additional 92,741 shares in the last quarter. LVW Advisors LLC purchased a new position in Xometry during the 2nd quarter valued at about $388,000. Squarepoint Ops LLC increased its holdings in shares of Xometry by 33.9% in 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. Zweig DiMenna Associates LLC purchased a new stake in shares of Xometry in the second quarter worth approximately $1,605,000. Finally, Sheets Smith Investment Management acquired a new stake in shares of Xometry during the third quarter worth approximately $963,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

About Xometry

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.