Lukas Alexander Biewald Buys 47,058 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) Director Lukas Alexander Biewald purchased 47,058 shares of Xometry stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the completion of the acquisition, the director directly owned 55,134 shares in the company, valued at approximately $4,686,390. This trade represents a 582.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Xometry Price Performance

Shares of XMTR traded up $0.45 during mid-day trading on Thursday, hitting $82.70. The company’s stock had a trading volume of 594,382 shares, compared to its average volume of 987,736. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The firm has a 50-day simple moving average of $62.11 and a 200 day simple moving average of $58.53. The firm has a market capitalization of $4.29 billion, a P/E ratio of -81.08 and a beta of 1.27. Xometry, Inc. has a 1-year low of $29.60 and a 1-year high of $99.86.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. Analysts predict that Xometry, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Xometry in a report on Friday, May 8th. UBS Group lifted their price objective on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Thursday, April 30th. Finally, Citigroup lifted their price objective on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.00.

Institutional Investors Weigh In On Xometry

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in shares of Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares during the period. First Trust Advisors LP lifted its stake in shares of Xometry by 9.2% during the fourth quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock worth $93,729,000 after purchasing an additional 132,792 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of Xometry by 1.6% during the fourth quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock worth $77,677,000 after purchasing an additional 20,901 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Xometry during the fourth quarter worth about $76,393,000. Finally, State Street Corp lifted its stake in shares of Xometry by 1.2% during the fourth quarter. State Street Corp now owns 978,540 shares of the company’s stock worth $58,194,000 after purchasing an additional 11,272 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.