Insider Buying: Xometry (NASDAQ:XMTR) Director Purchases 1,215 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth purchased 1,215 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was purchased at an average price of $41.15 per share, for a total transaction of $49,997.25. Following the completion of the acquisition, the director owned 3,615 shares of the company’s stock, valued at approximately $148,757.25. This represents a 50.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Xometry Stock Up 2.4%

Shares of XMTR traded up $0.98 during mid-day trading on Monday, hitting $41.99. 805,045 shares of the company’s stock were exchanged, compared to its average volume of 1,119,996. Xometry, Inc. has a 52 week low of $18.59 and a 52 week high of $73.87. The company has a 50-day simple moving average of $60.65 and a 200 day simple moving average of $56.14. The company has a market cap of $2.15 billion, a PE ratio of -34.42 and a beta of 0.91. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.76 and a quick ratio of 3.72.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on XMTR. Citizens Jmp set a $75.00 price target on Xometry in a report on Wednesday, November 5th. The Goldman Sachs Group raised their price objective on Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. William Blair reissued an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Zacks Research cut Xometry from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Citigroup cut their price target on Xometry from $75.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Xometry presently has a consensus rating of “Hold” and an average price target of $62.00.

Institutional Trading of Xometry

Several hedge funds have recently added to or reduced their stakes in XMTR. Kemnay Advisory Services Inc. bought a new stake in Xometry in the 4th quarter valued at $28,000. Quantbot Technologies LP bought a new position in Xometry during the 3rd quarter worth $30,000. Advisors Asset Management Inc. lifted its holdings in shares of Xometry by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock worth $34,000 after buying an additional 412 shares in the last quarter. Westend Capital Management LLC acquired a new stake in shares of Xometry during the third quarter worth $41,000. Finally, GAMMA Investing LLC boosted its position in shares of Xometry by 26.5% in the fourth 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 period. 97.31% of the stock is owned by institutional investors and hedge funds.

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.