Analysts Set Xometry, Inc. (NASDAQ:XMTR) Target Price at $101.88

Shares of Xometry, Inc. (NASDAQ:XMTR) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $101.8750.

XMTR has been the subject of several research reports. Cantor Fitzgerald raised their price objective on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Wedbush initiated coverage on shares of Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 target price for the company. Citigroup increased their price objective on Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group upped their target price on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th.

Insider Activity

In other Xometry news, Director Randolph Altschuler sold 5,722 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $93.30, for a total transaction of $533,862.60. Following the sale, the director directly owned 428,750 shares of the company’s stock, valued at $40,002,375. The trade was a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Vaidyanathan Raghavan sold 1,866 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $93.21, for a total value of $173,929.86. Following the completion of the sale, the chief technology officer directly owned 140,777 shares of the company’s stock, valued at approximately $13,121,824.17. This trade represents a 1.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 78,053 shares of company stock worth $6,995,183. 9.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new stake in shares of Xometry during the fourth quarter worth approximately $28,000. Quantbot Technologies LP purchased a new stake in shares of Xometry during the third quarter worth $30,000. Leonteq Securities AG acquired a new stake in Xometry during the fourth quarter valued at $59,000. Comerica Bank boosted its position in 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 last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Xometry by 74.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after purchasing an additional 697 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Trading Down 6.8%

Xometry stock opened at $89.73 on Thursday. Xometry has a 12-month low of $35.86 and a 12-month high of $106.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The stock has a market capitalization of $4.65 billion, a PE ratio of -149.55 and a beta of 1.30. The firm has a 50 day simple moving average of $91.49 and a 200-day simple moving average of $69.70.

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 return on equity of 2.88% and a negative net margin of 3.82%.The firm had revenue of $229.28 million for the quarter, compared to analysts’ expectations of $215.22 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. As a group, equities research analysts expect that Xometry will post -0.02 EPS for the current fiscal year.

Xometry Company Profile

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.