Xometry (NASDAQ:XMTR) Reaches New 1-Year High – What’s Next?

Xometry, Inc. (NASDAQ:XMTR) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $117.57 and last traded at $115.3350, with a volume of 295,904 shares trading hands. The stock had previously closed at $109.01.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wedbush raised their target price on shares of Xometry from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup upped their price target on Xometry from $110.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group upped their price target on Xometry from $95.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday. Rosenblatt Securities increased their price target on Xometry from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and an average target price of $123.64.

Xometry Price Performance

The company has a current ratio of 3.15, a quick ratio of 3.20 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average is $97.84 and its two-hundred day moving average is $76.95. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of -343.19 and a beta of 1.33.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $252.44 million during the quarter, compared to analyst estimates of $235.54 million. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. As a group, research analysts predict that Xometry, Inc. will post -0.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Vaidyanathan Raghavan sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $96.77, for a total transaction of $483,850.00. Following the completion of the transaction, the chief technology officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Emily Rollins sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total transaction of $421,550.00. Following the sale, the director owned 15,136 shares in the company, valued at $1,276,116.16. The trade was a 24.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 63,199 shares of company stock worth $6,037,855. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of large investors have recently modified their holdings of XMTR. Wellington Management Group LLP raised its holdings in shares of Xometry by 26.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after purchasing an additional 280,491 shares in the last quarter. Zevenbergen Capital Investments LLC grew its stake in shares of Xometry by 115.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after purchasing an additional 159,227 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after buying an additional 492,285 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Xometry by 86.4% in the third quarter. Russell Investments Group Ltd. now owns 224,048 shares of the company’s stock valued at $23,044,000 after buying an additional 103,827 shares during the last quarter. Finally, Sylebra Capital LLC increased its holdings in Xometry by 31.3% in the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after buying an additional 127,637 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Company Profile

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.