Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Rating of “Hold” from Analysts

Xometry, Inc. (NASDAQ:XMTR) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.86.

Several equities analysts have commented on XMTR shares. Cantor Fitzgerald dropped their price target on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. JMP Securities boosted their price target on shares of Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th.

Insider Buying and Selling

In related news, CTO Matthew Leibel sold 3,400 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the transaction, the chief technology officer now owns 82,918 shares in the company, valued at approximately $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of institutional investors and hedge funds have recently bought and sold shares of XMTR. nVerses Capital LLC purchased a new stake in Xometry in the second quarter valued at $38,000. ProShare Advisors LLC purchased a new stake in Xometry in the second quarter valued at $53,000. Point72 Asset Management L.P. purchased a new stake in Xometry in the second quarter valued at $55,000. US Bancorp DE lifted its position in Xometry by 57.7% in the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Xometry in the second quarter valued at $129,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Stock Up 17.1 %

Shares of NASDAQ XMTR opened at $25.84 on Friday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -23.71 and a beta of 0.55. The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89. Xometry has a 52-week low of $11.08 and a 52-week high of $38.74. The business’s 50 day moving average is $19.03 and its two-hundred day moving average is $16.48.

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

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.