Xometry (NASDAQ:XMTR) Reaches New 1-Year Low at $12.32

Xometry, Inc. (NASDAQ:XMTR)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $12.32 and last traded at $12.49, with a volume of 48716 shares changing hands. The stock had previously closed at $12.55.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup cut their price target on Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. Royal Bank of Canada dropped their target price on Xometry from $38.00 to $23.00 and set a “sector perform” rating on the stock in a report on Friday, March 1st. The Goldman Sachs Group dropped their target price on Xometry from $46.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Cantor Fitzgerald started coverage on Xometry in a report on Wednesday, June 5th. They set an “underweight” rating and a $13.00 target price on the stock. Finally, UBS Group dropped their target price on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Xometry presently has a consensus rating of “Hold” and an average target price of $22.71.

Xometry Stock Performance

The firm has a 50-day moving average price of $15.71 and a 200 day moving average price of $23.03. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.34 and a quick ratio of 4.30.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, May 9th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.02. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. The company had revenue of $122.69 million for the quarter, compared to the consensus estimate of $119.00 million. On average, analysts anticipate that Xometry, Inc. will post -0.99 EPS for the current year.

Insider Activity

In other news, insider Subir Dutt bought 10,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were bought at an average price of $15.55 per share, with a total value of $155,500.00. Following the completion of the transaction, the insider now owns 46,864 shares of the company’s stock, valued at $728,735.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Xometry

A number of large investors have recently added to or reduced their stakes in XMTR. Fred Alger Management LLC grew its position in Xometry by 47.5% during the third quarter. Fred Alger Management LLC now owns 2,584,913 shares of the company’s stock worth $43,892,000 after buying an additional 832,005 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Xometry during the fourth quarter worth approximately $21,165,000. Sylebra Capital LLC grew its position in Xometry by 1,005.3% during the first quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock worth $10,882,000 after buying an additional 585,971 shares in the last quarter. Primecap Management Co. CA grew its position in Xometry by 6.3% during the third quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company’s stock worth $112,598,000 after buying an additional 390,933 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in Xometry by 20.7% during the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after buying an additional 217,939 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.