Xometry (NASDAQ:XMTR) Director Sells $309,725.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 2,500 shares of Xometry stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $123.89, for a total transaction of $309,725.00. Following the completion of the transaction, the director owned 12,636 shares in the company, valued at approximately $1,565,474.04. This trade represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Emily Rollins also recently made the following trade(s):

• On Wednesday, August 19th, Emily Rollins sold 5,000 shares of Xometry stock. The shares were sold at an average price of $84.31, for a total transaction of $421,550.00.

Xometry Stock Performance

Xometry stock traded down $1.17 during trading hours on Friday, reaching $119.61. 576,499 shares of the stock were exchanged, compared to its average volume of 885,732. Xometry, Inc. has a 52-week low of $35.86 and a 52-week high of $127.49. The stock has a market cap of $6.20 billion, a P/E ratio of -351.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.13 and a current ratio of 3.15. The firm’s 50 day moving average is $100.47 and its 200 day moving average is $78.39.

Xometry (NASDAQ:XMTR) last issued its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $252.44 million for the quarter, compared to the consensus estimate of $235.54 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. Analysts predict that Xometry, Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

XMTR has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised their price objective on shares of Xometry from $110.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. UBS Group boosted their target price on Xometry from $95.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. Rosenblatt Securities increased their target price on Xometry from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Citigroup raised their price target on Xometry from $110.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Xometry presently has an average rating of “Moderate Buy” and a consensus target price of $124.55.

Hedge Funds Weigh In On Xometry

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Abel Hall LLC grew its stake in shares of Xometry by 5.2% during the 3rd quarter. Abel Hall LLC now owns 2,246 shares of the company’s stock valued at $231,000 after buying an additional 111 shares during the period. GAMMA Investing LLC increased its holdings in shares of Xometry by 36.5% during the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after buying an additional 256 shares during the last quarter. Corient Private Wealth LP increased its holdings in shares of Xometry by 1.6% during the 2nd quarter. Corient Private Wealth LP now owns 23,196 shares of the company’s stock worth $2,239,000 after buying an additional 360 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Xometry in the 2nd quarter worth $36,000. Finally, IFP Advisors Inc raised its position in shares of Xometry by 687.5% in the 3rd quarter. IFP Advisors Inc now owns 441 shares of the company’s stock worth $45,000 after buying an additional 385 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

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.