Xometry (NASDAQ:XMTR) Reaches New 52-Week High – Here’s Why

Xometry, Inc. (NASDAQ:XMTRGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $100.00 and last traded at $97.7950, with a volume of 1726 shares trading hands. The stock had previously closed at $96.67.

Wall Street Analyst Weigh In

XMTR has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Royal Bank Of Canada raised their price objective on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Citigroup upped their target price on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Citizens Jmp lifted their price target 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, Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price for the company in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.00.

Read Our Latest Stock Analysis on XMTR

Xometry Price Performance

The company has a market cap of $5.09 billion, a P/E ratio of -95.83 and a beta of 1.27. The stock has a 50-day simple moving average of $87.91 and a 200 day simple moving average of $64.71. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78.

Xometry (NASDAQ:XMTRGet Free Report) last issued its earnings results 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 return on equity of 4.37% and a negative net margin of 7.01%.The business had revenue of $205.14 million during the quarter, compared to analyst estimates of $188.46 million. During the same period in the prior year, the company posted ($0.05) earnings per share. Xometry’s revenue was up 35.9% on a year-over-year basis. On average, equities analysts expect that Xometry, Inc. will post -0.06 EPS for the current year.

Insider Buying and Selling

In other Xometry news, CEO Randolph Altschuler sold 50,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $87.85, for a total value of $4,392,500.00. Following the transaction, the chief executive officer owned 455,248 shares of the company’s stock, valued at approximately $39,993,536.80. The trade was a 9.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Miln sold 2,392 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $93.29, for a total value of $223,149.68. Following the sale, the chief financial officer owned 179,131 shares in the company, valued at $16,711,130.99. The trade was a 1.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 80,496 shares of company stock worth $7,124,340. Insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XMTR. Ameriprise Financial Inc. raised its stake in shares of Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after acquiring an additional 690,558 shares during the last quarter. First Trust Advisors LP raised its position in Xometry by 9.2% in the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock worth $93,729,000 after purchasing an additional 132,792 shares during the last quarter. Baillie Gifford & Co. raised its position in Xometry by 1.6% in the 4th quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock worth $77,677,000 after purchasing an additional 20,901 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Xometry during the 4th quarter worth $76,393,000. Finally, State Street Corp lifted its holdings in Xometry by 1.2% during the 4th quarter. State Street Corp now owns 978,540 shares of the company’s stock worth $58,194,000 after buying an additional 11,272 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

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

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