Xometry (NASDAQ:XMTR) PT Raised to $32.00

Xometry (NASDAQ:XMTR) had its target price upped by JMP Securities from $27.00 to $32.00 in a research note issued to investors on Friday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Separately, Cantor Fitzgerald cut their target price on Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.86.

Xometry Stock Up 2.6 %

XMTR opened at $20.90 on Friday. Xometry has a 12 month low of $11.08 and a 12 month high of $38.74. The company has a market cap of $1.03 billion, a PE ratio of -19.17 and a beta of 0.57. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $18.61 and a 200 day moving average of $16.24.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.13. The firm had revenue of $132.60 million for the quarter, compared to the consensus estimate of $128.65 million. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.55) earnings per share. On average, sell-side analysts expect that Xometry will post -0.81 EPS for the current year.

Insider Buying and Selling

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the transaction, the chief technology officer now directly owns 82,918 shares in the company, valued at $1,529,837.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Xometry

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates lifted its holdings in shares of Xometry by 0.6% during the 3rd quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock worth $5,290,000 after acquiring an additional 1,586 shares during the last quarter. Sei Investments Co. lifted its stake in Xometry by 0.8% during the second quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock worth $2,474,000 after purchasing an additional 1,708 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Xometry by 22.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after purchasing an additional 2,140 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Xometry during the 2nd quarter valued at about $38,000. Finally, Rhumbline Advisers raised its holdings in shares of Xometry by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 58,002 shares of the company’s stock valued at $670,000 after buying an additional 3,690 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

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.