FY2024 EPS Estimates for Xometry Raised by Cantor Fitzgerald

Xometry, Inc. (NASDAQ:XMTR) – Research analysts at Cantor Fitzgerald lifted their FY2024 earnings per share (EPS) estimates for Xometry in a report released on Wednesday, November 6th. Cantor Fitzgerald analyst T. Jensen now expects that the company will post earnings of ($0.68) per share for the year, up from their prior estimate of ($0.77). Cantor Fitzgerald has a “Underweight” rating and a $12.00 price objective on the stock. The consensus estimate for Xometry’s current full-year earnings is ($0.79) per share.

A number of other analysts have also issued reports on the company. JMP Securities lifted their target price on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Citigroup lifted their target price on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price target on Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Craig Hallum upped their price objective on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group raised their target price on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Xometry has a consensus rating of “Hold” and a consensus target price of $26.29.

Xometry Stock Performance

Shares of XMTR stock opened at $30.59 on Monday. The company’s fifty day simple moving average is $19.77 and its 200-day simple moving average is $16.84. The company has a current ratio of 4.59, a quick ratio of 4.60 and a debt-to-equity ratio of 0.90. Xometry has a 52 week low of $11.08 and a 52 week high of $38.74. The company has a market cap of $1.51 billion, a PE ratio of -29.13 and a beta of 0.55.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.13. The firm had revenue of $132.60 million for the quarter, compared to analyst estimates of $128.65 million. Xometry had a negative return on equity of 10.16% and a negative net margin of 9.72%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned ($0.55) EPS.

Insider Activity at Xometry

In other Xometry 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 of the company’s stock, valued at $1,529,837.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.79% of the stock is owned by company insiders.

Institutional Trading of Xometry

Several institutional investors have recently bought and sold shares of XMTR. nVerses Capital LLC bought a new position in shares of Xometry in the second quarter worth about $38,000. ProShare Advisors LLC acquired a new stake in Xometry in the second quarter worth $53,000. Point72 Asset Management L.P. acquired a new position in Xometry in the second quarter valued at about $55,000. US Bancorp DE increased its stake in Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after purchasing an additional 2,037 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Xometry during the third quarter worth $153,000. 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.