Insider Selling: Xometry (NASDAQ:XMTR) Director Sells $216,936.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Fabio Rosati sold 1,800 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $120.52, for a total value of $216,936.00. Following the completion of the transaction, the director directly owned 89,867 shares in the company, valued at approximately $10,830,770.84. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Xometry Stock Down 1.4%

Shares of NASDAQ:XMTR opened at $120.78 on Friday. The company has a current ratio of 3.15, a quick ratio of 3.13 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $100.47 and a 200 day simple moving average of $78.39. The firm has a market cap of $6.26 billion, a PE ratio of -355.22 and a beta of 1.33. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $127.49.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. The firm had revenue of $252.44 million for the quarter, compared to the consensus estimate of $235.54 million. During the same period in the prior year, the firm posted $0.11 EPS. The firm’s revenue was up 39.5% compared to the same quarter last year. On average, equities research analysts anticipate that Xometry, Inc. will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Xometry

A number of hedge funds have recently added to or reduced their stakes in XMTR. Integrated Wealth Concepts LLC bought a new stake in Xometry during the second quarter valued at $36,000. IFP Advisors Inc raised its holdings in shares of Xometry by 687.5% during the third quarter. IFP Advisors Inc now owns 441 shares of the company’s stock worth $45,000 after purchasing an additional 385 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Xometry in the 3rd quarter worth about $59,000. PNC Financial Services Group Inc. lifted its position in shares of Xometry by 74.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after buying an additional 697 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of Xometry in the 2nd quarter worth about $97,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

XMTR has been the topic of several research analyst reports. UBS Group increased their price target on shares of Xometry from $95.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Wedbush lifted their price target on Xometry from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 4th. The Goldman Sachs Group boosted their price objective on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Xometry from $100.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. Finally, Citizens Jmp increased their target price on Xometry from $120.00 to $135.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.64.

Xometry Company Profile

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.