Brokerages Set Xometry, Inc. (NASDAQ:XMTR) PT at $108.33

Xometry, Inc. (NASDAQ:XMTR) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $108.3333.

XMTR has been the subject of a number of research reports. Cantor Fitzgerald upped their target price on shares of Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Wedbush began coverage on shares of Xometry in a research note on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price target on the stock. Rosenblatt Securities assumed coverage on shares of Xometry in a research note on Thursday, August 20th. They set a “buy” rating and a $110.00 price objective for the company. Citigroup increased their price objective on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group raised their target price on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th.

Insiders Place Their Bets

In other Xometry news, CTO Vaidyanathan Raghavan sold 5,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $96.77, for a total transaction of $483,850.00. Following the transaction, the chief technology officer owned 135,777 shares of the company’s stock, valued at approximately $13,139,140.29. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 5,000 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $95.23, for a total value of $476,150.00. Following the completion of the sale, the director owned 35,345 shares of the company’s stock, valued at approximately $3,365,904.35. The trade was a 12.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 55,553 shares of company stock valued at $5,116,368. Insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Xometry by 9,368.5% during the 2nd quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company’s stock valued at $473,128,000 after buying an additional 4,850,095 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in Xometry in the fourth quarter worth approximately $76,393,000. Ameriprise Financial Inc. grew its position in Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after acquiring an additional 690,558 shares during the period. Durable Capital Partners LP acquired a new stake in Xometry during the third quarter worth $36,455,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Xometry by 243.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after acquiring an additional 492,285 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Performance

Shares of NASDAQ:XMTR opened at $85.59 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The business’s 50 day moving average price is $91.23 and its 200-day moving average price is $73.13. The firm has a market capitalization of $4.44 billion, a PE ratio of -142.65 and a beta of 1.32. Xometry has a 1 year low of $35.86 and a 1 year high of $106.08.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. As a group, equities research analysts expect that Xometry will post -0.01 earnings per share for the current fiscal year.

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.