Royal Bank Of Canada Lowers Xometry (NASDAQ:XMTR) Price Target to $55.00

Xometry (NASDAQ:XMTRGet Free Report) had its target price lowered by investment analysts at Royal Bank Of Canada from $64.00 to $55.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 21.52% from the company’s previous close.

Several other research firms also recently weighed in on XMTR. Citigroup reaffirmed an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. Citizens Jmp set a $75.00 price target on Xometry in a research report on Wednesday, November 5th. William Blair reissued an “outperform” rating on shares of Xometry in a research report on Tuesday. Zacks Research lowered Xometry from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.

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Xometry Price Performance

Shares of XMTR opened at $45.26 on Wednesday. The firm has a market cap of $2.32 billion, a PE ratio of -37.10 and a beta of 0.86. Xometry has a 52-week low of $18.59 and a 52-week high of $73.87. The business’s 50 day moving average price is $61.06 and its two-hundred day moving average price is $56.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.58 and a current ratio of 3.76.

Xometry (NASDAQ:XMTRGet Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Xometry had a negative net margin of 8.99% and a negative return on equity of 5.49%. The company had revenue of $192.40 million during the quarter, compared to analyst estimates of $183.37 million. During the same quarter in the previous year, the business posted $0.06 EPS. Xometry’s revenue for the quarter was up 29.5% compared to the same quarter last year. On average, equities analysts anticipate that Xometry will post -0.66 EPS for the current year.

Insider Buying and Selling

In related news, President Sanjeev Singh Sahni sold 9,978 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.45, for a total value of $433,544.10. Following the sale, the president directly owned 113,022 shares in the company, valued at approximately $4,910,805.90. The trade was a 8.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Vaidyanathan Raghavan sold 4,572 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.44, for a total transaction of $198,607.68. Following the transaction, the chief technology officer owned 64,304 shares of the company’s stock, valued at $2,793,365.76. This represents a 6.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 127,852 shares of company stock worth $6,993,940 in the last quarter. 9.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Xometry

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after acquiring an additional 162 shares during the last quarter. Comerica Bank raised its stake in Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares in the last quarter. M&T Bank Corp lifted its position in Xometry by 2.1% during the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after purchasing an additional 180 shares during the last quarter. Arizona State Retirement System lifted its position in Xometry by 2.0% during the third quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock valued at $713,000 after purchasing an additional 256 shares during the last quarter. Finally, Mariner LLC grew its stake in Xometry by 3.2% in the 3rd quarter. Mariner LLC now owns 9,844 shares of the company’s stock worth $536,000 after buying an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Key Stories Impacting Xometry

Here are the key news stories impacting Xometry this week:

About Xometry

(Get Free Report)

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.

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Analyst Recommendations for Xometry (NASDAQ:XMTR)

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