Analysts Set Xometry, Inc. (NASDAQ:XMTR) PT at $76.00

Xometry, Inc. (NASDAQ:XMTR) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $76.00.

Several research analysts have recently commented on the company. UBS Group boosted their price target on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a research report on Thursday, April 30th. The Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Citigroup boosted their price target on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd.

Insider Buying and Selling

In other news, CEO Randolph Altschuler sold 50,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $87.85, for a total value of $4,392,500.00. Following the completion of the transaction, the chief executive officer directly owned 455,248 shares of the company’s stock, valued at approximately $39,993,536.80. The trade was a 9.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Subir Dutt sold 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $79.86, for a total value of $399,300.00. Following the completion of the transaction, the insider directly owned 104,732 shares of the company’s stock, valued at approximately $8,363,897.52. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 68,943 shares of company stock valued at $5,989,621. 9.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Xometry by 5.0% during the 1st quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock valued at $1,511,000 after buying an additional 2,899 shares in the last quarter. AQR Capital Management LLC acquired a new position in Xometry during the 1st quarter valued at about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Xometry by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock valued at $649,000 after buying an additional 1,877 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Xometry by 26.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock valued at $11,281,000 after buying an additional 95,154 shares in the last quarter. Finally, Invesco Ltd. increased its position in Xometry by 476.1% during the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock valued at $8,055,000 after buying an additional 197,013 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Price Performance

Shares of XMTR stock opened at $82.25 on Friday. Xometry has a twelve month low of $29.60 and a twelve month high of $99.86. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of -80.64 and a beta of 1.27. The stock has a fifty day simple moving average of $62.11 and a two-hundred day simple moving average of $58.53. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86.

Xometry (NASDAQ:XMTR) last issued its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share 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 business had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. During the same period in the prior year, the business earned ($0.05) EPS. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, analysts predict that Xometry will post -0.11 EPS for the current fiscal 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.