Brokerages Set Xometry, Inc. (NASDAQ:XMTR) PT at $76.00

Xometry, Inc. (NASDAQ:XMTRGet Free Report) has been given an average rating of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $76.00.

XMTR has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a research report on Thursday, April 30th. Citizens Jmp raised their price objective on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Finally, Citigroup raised their price objective on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th.

View Our Latest Report on Xometry

Xometry Price Performance

XMTR stock opened at $94.37 on Wednesday. The firm has a 50 day moving average of $77.77 and a 200-day moving average of $62.14. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. Xometry has a 12 month low of $30.63 and a 12 month high of $99.86. The firm has a market capitalization of $4.89 billion, a P/E ratio of -92.52 and a beta of 1.26.

Xometry (NASDAQ:XMTRGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The company had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. During the same period last year, the business earned ($0.05) earnings per share. Xometry’s revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts predict that Xometry will post -0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Subir Dutt sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the sale, the insider directly owned 94,789 shares of the company’s stock, valued at $9,004,955. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Randolph Altschuler sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $87.85, for a total transaction of $4,392,500.00. Following the completion of the sale, the chief executive officer directly owned 455,248 shares in the company, valued at $39,993,536.80. This represents a 9.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 68,943 shares of company stock valued at $5,989,621 over the last three months. Corporate insiders own 9.10% 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. Fuller & Thaler Asset Management Inc. purchased a new stake in Xometry in the fourth quarter valued at approximately $76,393,000. Ameriprise Financial Inc. raised its stake in Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares in the last quarter. Durable Capital Partners LP purchased a new stake in Xometry in the third quarter valued at approximately $36,455,000. Allspring Global Investments Holdings LLC raised its stake in Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after purchasing an additional 492,285 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in shares of Xometry by 115.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after acquiring an additional 451,259 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Company Profile

(Get Free Report)

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

Further Reading

Analyst Recommendations for Xometry (NASDAQ:XMTR)

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