Xometry (NASDAQ:XMTR) Hits New 12-Month High – Here’s What Happened

Xometry, Inc. (NASDAQ:XMTR) reached a new 52-week high on Tuesday . The stock traded as high as $91.24 and last traded at $87.96, with a volume of 794804 shares changing hands. The stock had previously closed at $86.12.

Analysts Set New Price Targets

XMTR has been the topic of several research reports. Citigroup raised their target price on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. William Blair restated an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, January 21st. Royal Bank Of Canada raised their target price on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, UBS Group raised their target price on Xometry from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $76.00.

Xometry Stock Performance

The stock has a market cap of $4.76 billion, a PE ratio of -89.99 and a beta of 1.01. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average of $51.86 and a 200 day moving average of $56.42.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping 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 firm had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. During the same quarter last year, the business posted ($0.05) earnings per share. The firm’s revenue was up 35.9% compared to the same quarter last year. Equities analysts predict that Xometry, Inc. will post -0.27 EPS for the current fiscal year.

Insider Activity

In other Xometry news, CEO Randolph Altschuler sold 31,928 shares of Xometry stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $43.44, for a total value of $1,386,952.32. Following the sale, the chief executive officer owned 372,377 shares in the company, valued at $16,176,056.88. The trade was a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Vaidyanathan Raghavan sold 4,572 shares of Xometry stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $43.44, for a total value of $198,607.68. Following the completion of the sale, the chief technology officer owned 64,304 shares in the company, valued at $2,793,365.76. This represents a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 78,934 shares of company stock valued at $3,994,514 in the last 90 days. 9.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Xometry

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. purchased a new stake in Xometry in the fourth quarter valued at $28,000. Quantbot Technologies LP purchased a new stake in Xometry in the third quarter valued at $30,000. GAMMA Investing LLC raised its position in Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the period. Leonteq Securities AG purchased a new stake in Xometry in the fourth quarter valued at $59,000. Finally, Comerica Bank raised its position in Xometry by 17.9% in 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 period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.