Xometry (NASDAQ:XMTR) Stock Price Down 5.9% – What’s Next?

Shares of Xometry, Inc. (NASDAQ:XMTR) traded down 5.9% on Monday . The company traded as low as $91.26 and last traded at $90.5820. Approximately 75,776 shares were traded during mid-day trading, a decline of 92% from the average session volume of 921,329 shares. The stock had previously closed at $96.26.

Wall Street Analyst Weigh In

XMTR has been the subject of several recent analyst reports. Wedbush started coverage on Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective for the company. Cantor Fitzgerald boosted their target price on shares of Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Citigroup increased their price target on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. UBS Group lifted their price objective on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $101.88.

Xometry Stock Performance

The stock has a market capitalization of $4.62 billion, a P/E ratio of -148.44 and a beta of 1.30. The stock’s 50-day simple moving average is $91.34 and its 200 day simple moving average is $69.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same quarter in the previous year, the firm posted $0.09 EPS. Xometry’s revenue was up 41.1% compared to the same quarter last year. Research analysts expect that Xometry, Inc. will post -0.02 EPS for the current fiscal year.

Insider Activity

In other Xometry news, CFO James Miln sold 2,392 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $93.29, for a total transaction of $223,149.68. Following the completion of the transaction, the chief financial officer directly owned 179,131 shares in the company, valued at $16,711,130.99. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lukas Alexander Biewald acquired 47,058 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $3,999,930.00. Following the acquisition, the director owned 55,134 shares in the company, valued at $4,686,390. This represents a 582.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 78,053 shares of company stock worth $6,995,183. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Xometry

Several institutional investors and hedge funds have recently made changes to their positions in XMTR. Kemnay Advisory Services Inc. bought a new position in Xometry during the 4th quarter worth approximately $28,000. Quantbot Technologies LP acquired a new stake in shares of Xometry during the 3rd quarter worth approximately $30,000. Leonteq Securities AG bought a new stake in shares of Xometry in the 4th quarter valued at $59,000. CoreCap Advisors LLC acquired a new position in shares of Xometry during the 2nd quarter valued at $97,000. Finally, Comerica Bank raised its holdings in shares of Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.