Xometry (NASDAQ:XMTR) Upgraded by Rosenblatt Securities to Strong-Buy Rating

Xometry (NASDAQ:XMTR) was upgraded by stock analysts at Rosenblatt Securities to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald upped their target price on Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Citizens Jmp raised their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group lifted their price target on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Citigroup boosted their price target on Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.78.

Xometry Trading Down 1.7%

Shares of Xometry stock opened at $83.12 on Wednesday. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. Xometry has a 12-month low of $35.86 and a 12-month high of $106.08. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of -138.53 and a beta of 1.29. The firm’s 50-day moving average price is $91.57 and its two-hundred day moving average price is $70.20.

Xometry (NASDAQ:XMTR) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating 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 company had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. During the same period in the previous year, the company earned $0.09 EPS. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. On average, analysts forecast that Xometry will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 bought at an average price of $85.00 per share, with a total value of $3,999,930.00. Following the acquisition, the director directly owned 55,134 shares in the company, valued at $4,686,390. The trade was a 582.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Fabio Rosati sold 8,100 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $91.45, for a total value of $740,745.00. Following the sale, the director owned 93,567 shares in the company, valued at $8,556,702.15. This represents a 7.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,553 shares of company stock worth $2,737,968 in the last ninety days. Insiders own 9.10% of the company’s stock.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Xometry in the fourth quarter valued at approximately $28,000. Quantbot Technologies LP bought a new position in Xometry in the 3rd quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in Xometry during the 4th quarter worth approximately $59,000. Comerica Bank boosted its position in Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Xometry by 74.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after acquiring an additional 697 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

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.