Xometry (NASDAQ:XMTR) Shares Up 6% – Still a Buy?

Xometry, Inc. (NASDAQ:XMTR)’s stock price was up 6% during trading on Tuesday . The stock traded as high as $61.56 and last traded at $61.5890. Approximately 341,732 shares traded hands during trading, a decline of 53% from the average daily volume of 721,073 shares. The stock had previously closed at $58.13.

Analyst Ratings Changes

A number of equities research analysts have weighed in on XMTR shares. Wedbush upped their target price on Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Citizens Jmp upped their price objective on Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a report on Wednesday, November 5th. JMP Securities set a $75.00 target price on Xometry in a research note on Wednesday, November 5th. The Goldman Sachs Group lifted their target price on Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Xometry has a consensus rating of “Hold” and a consensus target price of $57.89.

Xometry Stock Up 3.2%

The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -47.92 and a beta of 0.86. The stock has a fifty day moving average of $55.54 and a 200-day moving average of $46.30.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, hitting 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 company had revenue of $180.72 million during the quarter, compared to analysts’ expectations of $168.25 million. During the same period last year, the company posted $0.02 earnings per share. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, sell-side analysts expect that Xometry, Inc. will post -0.66 EPS for the current year.

Insiders Place Their Bets

In other news, CFO James Miln sold 599 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $62.11, for a total transaction of $37,203.89. Following the transaction, the chief financial officer directly owned 141,796 shares in the company, valued at $8,806,949.56. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Subir Dutt sold 2,075 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $60.00, for a total transaction of $124,500.00. Following the completion of the transaction, the insider directly owned 71,348 shares in the company, valued at $4,280,880. This trade represents a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 12,005 shares of company stock worth $631,147. 9.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Xometry during the 3rd quarter worth about $30,000. Advisors Asset Management Inc. raised its position in Xometry by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock valued at $34,000 after acquiring an additional 412 shares in the last quarter. Westend Capital Management LLC acquired a new stake in Xometry in the third quarter valued at approximately $41,000. Global Retirement Partners LLC bought a new stake in Xometry in the third quarter worth approximately $47,000. Finally, KBC Group NV acquired a new position in Xometry during the second quarter worth $55,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.