Xometry (NASDAQ:XMTR) CFO James Miln Sells 1,500 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $79.69, for a total value of $119,535.00. Following the sale, the chief financial officer owned 184,523 shares of the company’s stock, valued at $14,704,637.87. This trade represents a 0.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

James Miln also recently made the following trade(s):

• On Thursday, February 26th, James Miln sold 15,103 shares of Xometry stock. The shares were sold at an average price of $43.46, for a total value of $656,376.38.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $86.19 on Thursday. Xometry, Inc. has a one year low of $29.60 and a one year high of $89.79. The stock has a fifty day moving average of $47.36 and a 200-day moving average of $55.05. The company has a market capitalization of $4.47 billion, a PE ratio of -84.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities analysts anticipate that Xometry, Inc. will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Xometry

A number of hedge funds have recently modified their holdings of the stock. Sei Investments Co. increased its stake in shares of Xometry by 45.6% in the first quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock worth $11,216,000 after acquiring an additional 85,989 shares during the last quarter. State of Wyoming increased its stake in shares of Xometry by 28.2% in the first quarter. State of Wyoming now owns 6,605 shares of the company’s stock worth $270,000 after acquiring an additional 1,452 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Xometry by 74.2% in the first 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. Titan Global Capital Management USA LLC acquired a new position in shares of Xometry in the first quarter worth $1,312,000. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Xometry in the first quarter worth $510,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on XMTR shares. Zacks Research upgraded Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Wedbush reduced their target price on Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Citizens Jmp increased 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. William Blair restated an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Finally, Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price for the company in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $76.00.

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.