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

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $96.90, for a total transaction of $145,350.00. Following the completion of the transaction, the chief financial officer owned 183,023 shares in the company, valued at approximately $17,734,928.70. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $79.69, for a total transaction of $119,535.00.

Xometry Price Performance

Shares of XMTR stock opened at $82.70 on Friday. Xometry, Inc. has a 1 year low of $29.60 and a 1 year high of $99.86. The firm’s 50 day moving average is $62.94 and its 200-day moving average is $58.69. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of -81.08 and a beta of 1.27. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86.

Xometry (NASDAQ:XMTR) last announced its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The company had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same period in the prior year, the business earned ($0.05) earnings per share. Xometry’s quarterly revenue was up 35.9% on a year-over-year basis. Sell-side analysts forecast that Xometry, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on XMTR shares. Wedbush reduced their target price on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Royal Bank Of Canada upped their target price on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. UBS Group upped their target price on shares of Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $76.00.

Institutional Investors Weigh In On Xometry

Institutional investors and hedge funds have recently modified their holdings of the business. Peregrine Investment Management Inc. bought a new stake in shares of Xometry during the third quarter worth approximately $4,358,000. First Trust Advisors LP raised its stake in shares of Xometry by 12.8% during the third quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock worth $78,616,000 after buying an additional 164,278 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Xometry by 115.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after buying an additional 451,259 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Xometry by 22.1% during the third quarter. Blair William & Co. IL now owns 324,565 shares of the company’s stock worth $17,679,000 after buying an additional 58,707 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Xometry by 2,427.4% during the fourth quarter. Comerica Bank now owns 28,812 shares of the company’s stock worth $1,713,000 after buying an additional 27,672 shares during the last quarter. 97.31% of the stock is owned by 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.