Xometry, Inc. (NASDAQ:XMTR) Receives $62.25 Average PT from Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $71.8750.

A number of analysts recently commented on the company. Citizens Jmp lifted their price objective on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday. UBS Group boosted their target price on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Zacks Research upgraded Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Citigroup restated an “outperform” rating on shares of Xometry in a research report on Friday. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $78.00 target price on shares of Xometry in a research report on Friday.

Insider Activity at Xometry

In other news, insider Subir Dutt sold 2,410 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.47, for a total transaction of $104,762.70. Following the completion of the transaction, the insider directly owned 88,633 shares in the company, valued at approximately $3,852,876.51. The trade was a 2.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Vaidyanathan Raghavan sold 4,572 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.44, for a total value of $198,607.68. Following the transaction, the chief technology officer owned 64,304 shares of the company’s stock, valued at $2,793,365.76. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 64,991 shares of company stock worth $2,822,263. 9.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently modified their holdings of XMTR. Peregrine Investment Management Inc. acquired a new position in shares of Xometry in the 3rd quarter valued at approximately $4,358,000. First Trust Advisors LP grew its position in shares of Xometry by 12.8% in the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock valued at $78,616,000 after purchasing an additional 164,278 shares during the period. Blair William & Co. IL grew its position in shares of Xometry by 22.1% in the 3rd quarter. Blair William & Co. IL now owns 324,565 shares of the company’s stock valued at $17,679,000 after purchasing an additional 58,707 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Xometry by 246.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 132,038 shares of the company’s stock valued at $7,192,000 after purchasing an additional 93,917 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Xometry in the 3rd quarter valued at approximately $2,623,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Price Performance

Shares of XMTR stock opened at $80.74 on Tuesday. The stock has a 50-day moving average price of $45.61 and a 200 day moving average price of $54.55. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of -79.16 and a beta of 1.01. Xometry has a 12 month low of $29.60 and a 12 month high of $82.53.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the company earned ($0.05) earnings per share. Research analysts expect that Xometry will post -0.21 EPS for the current year.

About Xometry

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.