Xometry (NASDAQ:XMTR) Director Sells $471,500.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth sold 5,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $94.30, for a total transaction of $471,500.00. Following the completion of the sale, the director owned 35,345 shares of the company’s stock, valued at $3,333,033.50. This trade represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, August 31st, Katharine Weymouth sold 5,000 shares of Xometry stock. The stock was sold at an average price of $95.23, for a total transaction of $476,150.00.

Xometry Trading Up 1.2%

XMTR opened at $92.23 on Thursday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of -153.71 and a beta of 1.32. The company’s 50 day simple moving average is $91.58 and its two-hundred day simple moving average is $71.92. Xometry, Inc. has a 1-year low of $35.86 and a 1-year high of $106.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

Xometry (NASDAQ:XMTR) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) 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 business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same period last year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 41.1% on a year-over-year basis. Analysts expect that Xometry, Inc. will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XMTR. Kemnay Advisory Services Inc. acquired a new stake in shares of Xometry during the fourth quarter valued at about $28,000. Quantbot Technologies LP purchased a new position in shares of Xometry during the 3rd quarter worth approximately $30,000. Leonteq Securities AG acquired a new stake in Xometry in the 4th quarter valued at approximately $59,000. CoreCap Advisors LLC acquired a new stake in Xometry in the 2nd quarter valued at approximately $97,000. Finally, Nykredit A S purchased a new stake in Xometry in the second quarter valued at approximately $103,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Analyst Ratings Changes

XMTR has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. UBS Group increased their price target on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on shares of Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Citizens Jmp upped their price objective on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Finally, Rosenblatt Securities started coverage on Xometry in a research report on Thursday, August 20th. They issued a “buy” rating and a $110.00 price objective for the company. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Xometry currently has a consensus rating of “Moderate Buy” and an average price target of $108.33.

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.