Xometry (NASDAQ:XMTR) Director Katharine Weymouth Sells 5,000 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth sold 5,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $95.23, for a total value of $476,150.00. Following the completion of the sale, the director directly owned 35,345 shares of the company’s stock, valued at $3,365,904.35. The trade was a 12.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Katharine Weymouth also recently made the following trade(s):

• On Friday, August 28th, Katharine Weymouth sold 5,000 shares of Xometry stock. The shares were sold at an average price of $94.30, for a total value of $471,500.00.

Xometry Stock Performance

Shares of NASDAQ:XMTR opened at $92.69 on Tuesday. The business’s 50-day simple moving average is $91.57 and its 200 day simple moving average is $71.45. The company has a market cap of $4.80 billion, a P/E ratio of -154.48 and a beta of 1.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $215.22 million. During the same quarter in the prior year, the business earned $0.09 EPS. Xometry’s quarterly revenue was up 41.1% compared to the same quarter last year. On average, sell-side analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XMTR has been the subject of a number of recent analyst reports. Wedbush started coverage on shares of Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target for the company. Rosenblatt Securities started coverage on shares of Xometry in a research report on Thursday, August 20th. They issued a “buy” rating and a $110.00 price objective for the company. Royal Bank Of Canada raised their target price on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group lifted their target price on Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. began coverage on Xometry in a research note on Monday, August 24th. They issued an “overweight” rating and a $120.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Xometry has an average rating of “Moderate Buy” and an average target price of $108.33.

Institutional Trading of Xometry

Several institutional investors have recently added to or reduced their stakes in XMTR. California State Teachers Retirement System boosted its stake in Xometry by 9,368.5% during the 2nd quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company’s stock valued at $473,128,000 after acquiring an additional 4,850,095 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Xometry by 9.2% in the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after purchasing an additional 132,792 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Xometry by 26.9% in 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 in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Xometry during the fourth quarter worth about $76,393,000. 97.31% of the stock is owned by institutional investors and hedge funds.

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.