Xometry (NASDAQ:XMTR) Director Sells $476,150.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth sold 5,000 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $95.23, for a total transaction of $476,150.00. Following the transaction, the director owned 35,345 shares in the company, valued at $3,365,904.35. This represents a 12.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Katharine Weymouth also recently made the following trade(s):

• On Friday, August 28th, Katharine Weymouth sold 5,000 shares of Xometry stock. The stock was sold at an average price of $94.30, for a total transaction of $471,500.00.

Xometry Stock Up 1.2%

XMTR opened at $92.23 on Thursday. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of -153.71 and a beta of 1.32. The firm has a 50 day moving average price of $91.58 and a 200-day moving average price of $71.92. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $106.08. 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 (NASDAQ:XMTR) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $229.28 million for the quarter, compared to analysts’ expectations of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The firm’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. Equities research analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of recent research reports. Royal Bank Of Canada increased their target price on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Citizens Jmp boosted their price target on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Wedbush began coverage on shares of Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target for the company. Cantor Fitzgerald increased their price objective on shares of Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. started coverage on shares of Xometry in a report on Monday, August 24th. They issued an “overweight” rating and a $120.00 price objective on the stock. One 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.33.

Hedge Funds Weigh In On Xometry

Several institutional investors and hedge funds have recently bought and sold shares of XMTR. California State Teachers Retirement System increased its position in Xometry by 9,368.5% in the second quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company’s stock worth $473,128,000 after buying an additional 4,850,095 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Xometry during the 4th quarter valued at about $76,393,000. Ameriprise Financial Inc. grew its stake in shares of Xometry by 54.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after acquiring an additional 690,558 shares during the period. Durable Capital Partners LP bought a new position in shares of Xometry during the 3rd quarter valued at approximately $36,455,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Xometry by 243.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after acquiring an additional 492,285 shares in the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.