Xometry (NASDAQ:XMTR) Director Fabio Rosati Sells 1,800 Shares of Company Stock

Xometry, Inc. (NASDAQ:XMTR) Director Fabio Rosati sold 1,800 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $120.52, for a total value of $216,936.00. Following the completion of the transaction, the director directly owned 89,867 shares in the company, valued at approximately $10,830,770.84. This represents a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Xometry Trading Down 1.1%

NASDAQ XMTR opened at $119.31 on Wednesday. The stock’s 50-day simple moving average is $99.27 and its two-hundred day simple moving average is $77.80. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $123.39. The company has a quick ratio of 3.13, a current ratio of 3.15 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of -350.90 and a beta of 1.33.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Xometry had a positive return on equity of 0.18% and a negative net margin of 1.97%. The firm had revenue of $252.44 million during the quarter, compared to analyst estimates of $235.54 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue was up 39.5% compared to the same quarter last year. Research analysts forecast that Xometry, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XMTR. Allspring Global Investments Holdings LLC lifted its stake in shares of Xometry by 243.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after acquiring an additional 492,285 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after acquiring an additional 280,491 shares during the period. Zevenbergen Capital Investments LLC grew its position in Xometry by 115.1% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after acquiring an additional 159,227 shares during the last quarter. Sylebra Capital LLC grew its position in Xometry by 31.3% during the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after acquiring an additional 127,637 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Xometry by 86.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 224,048 shares of the company’s stock worth $23,044,000 after acquiring an additional 103,827 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on XMTR shares. Raymond James Financial set a $120.00 target price on Xometry in a research report on Tuesday, September 22nd. Wedbush increased their price target on shares of Xometry from $126.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Citigroup lifted their price target on shares of Xometry from $110.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Cantor Fitzgerald lifted their price target on shares of Xometry from $110.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. Finally, UBS Group boosted their price objective on shares of Xometry from $95.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Xometry presently has a consensus rating of “Moderate Buy” and an average price target of $123.64.

About Xometry

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.