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 dated Wednesday, April 1st. The shares were sold at an average price of $42.02, for a total transaction 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. The trade was a 6.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Xometry Stock Performance

XMTR remained flat at $42.35 on Friday. The company had a trading volume of 805,647 shares, compared to its average volume of 891,517. The business has a 50 day moving average of $49.73 and a two-hundred day moving average of $54.72. The company has a quick ratio of 3.72, a current ratio of 3.76 and a debt-to-equity ratio of 1.18. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -34.71 and a beta of 0.88. Xometry, Inc. has a 1 year low of $18.59 and a 1 year high of $73.87.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on XMTR shares. Citigroup decreased their price objective on Xometry from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Royal Bank Of Canada cut their target price on Xometry from $64.00 to $55.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th. Wedbush decreased their price target on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. William Blair reiterated an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Finally, UBS Group boosted their price objective on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Xometry presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hood River Capital Management LLC boosted its holdings in shares of Xometry by 29.7% in the second quarter. Hood River Capital Management LLC now owns 404,853 shares of the company’s stock valued at $13,680,000 after buying an additional 92,741 shares during the period. Peregrine Investment Management Inc. acquired a new stake in shares of Xometry during the third quarter worth $4,358,000. Squarepoint Ops LLC raised its holdings in shares of Xometry by 33.9% during the second quarter. Squarepoint Ops LLC now owns 183,799 shares of the company’s stock worth $6,211,000 after acquiring an additional 46,502 shares during the period. First Trust Advisors LP lifted its position in Xometry by 12.8% in the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock valued at $78,616,000 after acquiring an additional 164,278 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in Xometry by 22.1% in the 3rd quarter. Blair William & Co. IL now owns 324,565 shares of the company’s stock valued at $17,679,000 after acquiring an additional 58,707 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Company Profile

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.