Xometry, Inc. (NASDAQ:XMTR) Given Consensus Rating of “Hold” by Brokerages

Xometry, Inc. (NASDAQ:XMTR) has received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $84.25.

A number of brokerages recently issued reports on XMTR. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research report on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Citigroup raised their price target on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Royal Bank Of Canada lifted their price target 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, Wedbush initiated coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective for the company.

Xometry Trading Down 0.2%

Shares of XMTR opened at $86.31 on Friday. Xometry has a twelve month low of $30.63 and a twelve month high of $106.08. The stock has a market cap of $4.47 billion, a PE ratio of -84.62 and a beta of 1.27. 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 business’s 50-day moving average price is $91.31 and its 200-day moving average price is $66.81.

Xometry (NASDAQ:XMTR) last released 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. The company had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. Xometry’s revenue was up 35.9% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. On average, equities analysts forecast that Xometry will post -0.06 EPS for the current fiscal year.

Insider Activity

In other news, CTO Vaidyanathan Raghavan sold 1,866 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $93.21, for a total value of $173,929.86. Following the completion of the sale, the chief technology officer owned 140,777 shares of the company’s stock, valued at approximately $13,121,824.17. The trade was a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lukas Alexander Biewald acquired 47,058 shares of the stock in a transaction on Wednesday, June 3rd. The stock was bought at an average price of $85.00 per share, with a total value of $3,999,930.00. Following the transaction, the director directly owned 55,134 shares of the company’s stock, valued at approximately $4,686,390. The trade was a 582.69% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 80,496 shares of company stock worth $7,124,340. 9.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares during the last quarter. Comerica Bank grew its holdings in Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares during the last quarter. M&T Bank Corp increased its position in Xometry by 2.1% in the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after acquiring an additional 180 shares during the period. Rockefeller Capital Management L.P. increased its position in Xometry by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock valued at $194,000 after acquiring an additional 290 shares during the period. Finally, Mariner LLC raised its stake in shares of Xometry by 3.2% during the third quarter. Mariner LLC now owns 9,844 shares of the company’s stock valued at $536,000 after acquiring an additional 301 shares during the last quarter. Institutional investors and hedge funds 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.