Xometry (NASDAQ:XMTR) Director Sells 5,722 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 5,722 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.30, for a total transaction of $533,862.60. Following the completion of the sale, the director directly owned 428,750 shares of the company’s stock, valued at approximately $40,002,375. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Randolph Altschuler also recently made the following trade(s):

• On Thursday, May 21st, Randolph Altschuler sold 50,000 shares of Xometry stock. The stock was sold at an average price of $87.85, for a total transaction of $4,392,500.00.

Xometry Trading Up 2.7%

Shares of Xometry stock traded up $2.47 on Monday, hitting $94.29. 741,635 shares of the company traded hands, compared to its average volume of 957,795. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The company has a market cap of $4.89 billion, a PE ratio of -92.44 and a beta of 1.27. The stock’s 50 day moving average price is $82.35 and its 200-day moving average price is $63.34. Xometry, Inc. has a 52 week low of $30.63 and a 52 week high of $99.86.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. During the same period last year, the business posted ($0.05) EPS. Xometry’s quarterly revenue was up 35.9% on a year-over-year basis. Equities research analysts predict that Xometry, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of Xometry by 12.8% during the third quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock worth $78,616,000 after purchasing an additional 164,278 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in shares of Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after purchasing an additional 451,259 shares in the last quarter. Comerica Bank grew its stake in Xometry by 2,427.4% during the 4th quarter. Comerica Bank now owns 28,812 shares of the company’s stock worth $1,713,000 after buying an additional 27,672 shares during the last quarter. Blair William & Co. IL grew its stake in Xometry by 22.1% during the 3rd quarter. Blair William & Co. IL now owns 324,565 shares of the company’s stock worth $17,679,000 after buying an additional 58,707 shares during the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in Xometry during the 3rd quarter valued at about $2,623,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citizens Jmp boosted their price target on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Royal Bank Of Canada upped their target price on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Thursday, April 30th. Finally, Citigroup lifted their price target on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $76.00.

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.