Emily Rollins Sells 5,000 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $84.31, for a total transaction of $421,550.00. Following the transaction, the director directly owned 15,136 shares in the company, valued at approximately $1,276,116.16. The trade was a 24.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Xometry Trading Up 0.6%

Shares of NASDAQ:XMTR opened at $83.59 on Friday. The company has a 50 day moving average of $91.50 and a 200-day moving average of $70.29. The firm has a market cap of $4.33 billion, a P/E ratio of -139.31 and a beta of 1.29. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $106.08. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, analysts anticipate that Xometry, Inc. will post -0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on XMTR shares. Wedbush assumed coverage on shares of Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price on the stock. UBS Group lifted their price target on shares of Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Citigroup upped their price target on Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Citizens Jmp increased their price objective on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Finally, Rosenblatt Securities started coverage on Xometry in a research note on Thursday. They set a “buy” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.78.

Institutional Trading of Xometry

Hedge funds have recently bought and sold shares of the company. Odyssean LLC acquired a new position in shares of Xometry in the second quarter worth about $1,464,000. Comprehensive Financial Planning Inc. PA acquired a new position in Xometry in the 2nd quarter worth approximately $414,000. Nykredit A S purchased a new position in Xometry during the 2nd quarter worth approximately $103,000. Wellington Management Group LLP raised its stake in Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after purchasing an additional 280,491 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in shares of Xometry in the second quarter valued at $97,000. 97.31% of the stock is owned by hedge funds and other 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.