Xometry (NASDAQ:XMTR) Reaches New 1-Year High – What’s Next?

Xometry, Inc. (NASDAQ:XMTR)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $107.00 and last traded at $105.6150, with a volume of 42306 shares trading hands. The stock had previously closed at $105.01.

Analyst Upgrades and Downgrades

XMTR has been the subject of a number of research reports. Royal Bank Of Canada increased their price target on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Rosenblatt Securities upped their target price on Xometry from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. initiated coverage on Xometry in a report on Monday, August 24th. They issued an “overweight” rating and a $120.00 target price for the company. Raymond James Financial set a $120.00 target price on Xometry in a research report on Tuesday. Finally, Wedbush assumed coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target on the stock. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.18.

Xometry Stock Up 0.8%

The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of -176.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The stock has a fifty day moving average of $91.15 and a two-hundred day moving average of $76.51.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The firm had revenue of $229.28 million for the quarter, compared to the consensus estimate of $215.22 million. During the same period in the previous year, the business earned $0.09 EPS. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. Sell-side analysts anticipate that Xometry, Inc. will post -0.01 earnings per share for the current year.

Insider Buying and Selling

In other Xometry news, Director Fabio Rosati sold 8,100 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $91.45, for a total transaction of $740,745.00. Following the completion of the transaction, the director owned 93,567 shares in the company, valued at approximately $8,556,702.15. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Vaidyanathan Raghavan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $96.77, for a total transaction of $483,850.00. Following the completion of the transaction, the chief technology officer owned 135,777 shares in the company, valued at $13,139,140.29. This trade represents a 3.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,053 shares of company stock valued at $5,244,213 over the last 90 days. 9.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Xometry

A number of institutional investors have recently bought and sold shares of XMTR. Rockefeller Capital Management L.P. grew its holdings in shares of Xometry by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after purchasing an additional 290 shares in the last quarter. Corient Private Wealth LP raised its stake in Xometry by 1.6% in the second quarter. Corient Private Wealth LP now owns 23,196 shares of the company’s stock valued at $2,239,000 after purchasing an additional 360 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Xometry during the second quarter valued at approximately $36,000. ProShare Advisors LLC lifted its position in Xometry by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 7,948 shares of the company’s stock valued at $473,000 after purchasing an additional 510 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Xometry by 74.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after purchasing an additional 697 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.