Shares of Xometry, Inc. (NASDAQ:XMTR – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $102.93 and last traded at $101.97, with a volume of 55636 shares traded. The stock had previously closed at $100.12.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on XMTR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Citigroup increased their target price 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Wedbush started coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective on the stock. Finally, Citizens Jmp boosted their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Six 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $84.25.
Check Out Our Latest Stock Report on XMTR
Xometry Stock Up 3.3%
Xometry (NASDAQ:XMTR – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping 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 firm had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. During the same quarter in the prior year, the business earned ($0.05) EPS. Xometry’s quarterly revenue was up 35.9% compared to the same quarter last year. On average, equities analysts expect that Xometry, Inc. will post -0.06 EPS for the current year.
Insider Activity
In related news, Director Lukas Alexander Biewald acquired 47,058 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was bought at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the transaction, the director owned 55,134 shares of the company’s stock, valued at $4,686,390. The trade was a 582.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO James Miln sold 2,392 shares of Xometry stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $93.29, for a total value of $223,149.68. Following the completion of the transaction, the chief financial officer owned 179,131 shares in the company, valued at $16,711,130.99. This trade represents a 1.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 80,496 shares of company stock valued at $7,124,340. Insiders own 9.10% of the company’s stock.
Hedge Funds Weigh In On Xometry
Large investors have recently bought and sold shares of the company. Stephens Investment Management Group LLC boosted its position in shares of Xometry by 115.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after purchasing an additional 451,259 shares in the last quarter. Comerica Bank grew its stake in shares of Xometry by 2,427.4% during the 4th quarter. Comerica Bank now owns 28,812 shares of the company’s stock worth $1,713,000 after purchasing an additional 27,672 shares during the period. Peregrine Investment Management Inc. increased its holdings in shares of Xometry by 98.9% in the 1st quarter. Peregrine Investment Management Inc. now owns 215,100 shares of the company’s stock valued at $8,785,000 after purchasing an additional 106,970 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Xometry by 18.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 156,604 shares of the company’s stock worth $9,313,000 after buying an additional 24,566 shares in the last quarter. Finally, Penn Capital Management Company LLC purchased a new stake in Xometry during the fourth quarter worth about $1,899,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.
About Xometry
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.
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