Xometry (NASDAQ:XMTR) CFO Sells $455,240.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 4,000 shares of Xometry stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $113.81, for a total value of $455,240.00. Following the completion of the transaction, the chief financial officer owned 173,631 shares of the company’s stock, valued at $19,760,944.11. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Xometry Stock Down 1.4%

Shares of Xometry stock opened at $120.78 on Friday. 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 firm has a market cap of $6.26 billion, a P/E ratio of -355.22 and a beta of 1.33. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $127.49. The business has a 50-day moving average price of $100.47 and a 200 day moving average price of $78.39.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $235.54 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Xometry’s revenue for the quarter was up 39.5% compared to the same quarter last year. On average, sell-side analysts forecast that Xometry, Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XMTR has been the topic of several research reports. Zacks Research raised Xometry from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 6th. Citizens Jmp lifted their price objective on shares of Xometry from $120.00 to $135.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 4th. Citigroup boosted their target price on shares of Xometry from $110.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Rosenblatt Securities boosted their target price on shares of Xometry from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.64.

Hedge Funds Weigh In On Xometry

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in shares of Xometry during the third quarter valued at approximately $59,000. Alpha Financial Partners LLC acquired a new stake in shares of Xometry during the 3rd quarter worth approximately $211,000. Stephens Investment Management Group LLC raised its position in shares of Xometry by 0.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 804,719 shares of the company’s stock worth $82,765,000 after purchasing an additional 5,539 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Xometry by 11.4% in the 3rd quarter. Voya Investment Management LLC now owns 9,836 shares of the company’s stock worth $1,012,000 after purchasing an additional 1,003 shares during the last quarter. Finally, Cibc World Market Inc. bought a new stake in shares of Xometry in the 3rd quarter worth approximately $473,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Company Profile

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.