Xometry (NASDAQ:XMTR) Director Sells $42,020.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $42.02, for a total value of $42,020.00. Following the completion of the sale, the director owned 15,136 shares of the company’s stock, valued at approximately $636,014.72. This trade represents a 6.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Xometry Price Performance

XMTR opened at $42.35 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.72 and a current ratio of 3.76. The stock has a market capitalization of $2.19 billion, a PE ratio of -34.71 and a beta of 0.88. The stock’s 50 day moving average price is $49.35 and its 200-day moving average price is $54.70. Xometry, Inc. has a 52-week low of $18.59 and a 52-week high of $73.87.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $192.40 million during the quarter, compared to analyst estimates of $183.37 million. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.The firm’s revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, equities research analysts predict that Xometry, Inc. will post -0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup cut their target price on shares of Xometry from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Royal Bank Of Canada decreased their price target on shares of Xometry from $64.00 to $55.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 25th. Wedbush cut their price objective on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. William Blair reiterated an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Finally, Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XMTR. Kemnay Advisory Services Inc. bought a new stake in Xometry during the fourth quarter worth about $28,000. Quantbot Technologies LP purchased a new position in shares of Xometry during the third quarter valued at approximately $30,000. Advisors Asset Management Inc. boosted its position in shares of Xometry by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock worth $34,000 after purchasing an additional 412 shares in the last quarter. Westend Capital Management LLC bought a new stake in shares of Xometry in the 3rd quarter worth approximately $41,000. Finally, GAMMA Investing LLC grew its stake in shares of Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after buying an additional 162 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

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.