Xometry, Inc. (NASDAQ:XMTR) Receives $57.89 Consensus PT from Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR) have received an average recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $57.8889.

Several brokerages recently commented on XMTR. The Goldman Sachs Group lifted their target price on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Cantor Fitzgerald upped their target price on Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Wedbush increased their price target on shares of Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st.

Xometry Trading Down 6.5%

XMTR stock opened at $57.13 on Friday. The company has a market capitalization of $2.93 billion, a PE ratio of -45.70 and a beta of 0.86. The company’s 50 day moving average price is $61.40 and its two-hundred day moving average price is $53.19. Xometry has a one year low of $18.59 and a one year high of $69.26. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The business had revenue of $180.72 million during the quarter, compared to analyst estimates of $168.25 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’s revenue was up 27.5% on a year-over-year basis. As a group, analysts predict that Xometry will post -0.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Xometry news, CTO Vaidyanathan Raghavan sold 3,570 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $66.51, for a total transaction of $237,440.70. Following the transaction, the chief technology officer owned 38,397 shares in the company, valued at approximately $2,553,784.47. This represents a 8.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Subir Dutt sold 3,929 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $65.55, for a total transaction of $257,545.95. Following the transaction, the insider owned 67,419 shares in the company, valued at approximately $4,419,315.45. This trade represents a 5.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 63,436 shares of company stock worth $4,165,072 in the last quarter. Insiders own 9.66% of the company’s stock.

Institutional Trading of Xometry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XMTR. Hood River Capital Management LLC boosted its position 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 worth $13,680,000 after purchasing an additional 92,741 shares during the period. LVW Advisors LLC bought a new position in shares of Xometry during the 2nd quarter valued at about $388,000. Squarepoint Ops LLC lifted its position in shares of Xometry by 33.9% in the second quarter. Squarepoint Ops LLC now owns 183,799 shares of the company’s stock worth $6,211,000 after buying an additional 46,502 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Xometry by 246.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 132,038 shares of the company’s stock worth $7,192,000 after acquiring an additional 93,917 shares in the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Xometry in the 2nd quarter worth $1,605,000. 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 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.