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

Shares of Xometry, Inc. (NASDAQ:XMTR) have been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $62.00.

Several research analysts have issued reports on XMTR shares. William Blair reissued an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Wedbush reduced their price target on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, January 21st. Citigroup cut their target price on shares of Xometry from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Finally, UBS Group upped their target price on shares of Xometry from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th.

Xometry Price Performance

Shares of XMTR opened at $36.92 on Monday. The firm has a fifty day simple moving average of $56.38 and a two-hundred day simple moving average of $55.75. The firm has a market cap of $1.91 billion, a PE ratio of -30.26 and a beta of 0.90. The company has a current ratio of 3.76, a quick ratio of 3.72 and a debt-to-equity ratio of 1.18. Xometry has a 1-year low of $18.59 and a 1-year high of $73.87.

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

Insider Activity

In other Xometry news, insider Subir Dutt sold 2,410 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.47, for a total transaction of $104,762.70. Following the completion of the sale, the insider owned 88,633 shares of the company’s stock, valued at approximately $3,852,876.51. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth purchased 1,215 shares of the business’s stock in a transaction on Friday, February 27th. The shares were bought at an average cost of $41.15 per share, with a total value of $49,997.25. Following the acquisition, the director directly owned 3,615 shares of the company’s stock, valued at $148,757.25. This trade represents a 50.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 127,852 shares of company stock worth $6,993,940. Company insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XMTR. Sylebra Capital LLC increased its holdings in Xometry by 9.6% in the 2nd quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock worth $69,680,000 after acquiring an additional 180,533 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares in the last quarter. First Trust Advisors LP lifted its holdings in Xometry by 9.2% during the fourth quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after purchasing an additional 132,792 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Xometry by 1.6% in the fourth quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock worth $77,677,000 after purchasing an additional 20,901 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Xometry in the fourth quarter worth approximately $76,393,000. 97.31% of the stock is owned by hedge funds and other 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.