Fabio Rosati Sells 8,100 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR – Get Free Report) Director Fabio Rosati sold 8,100 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $91.45, for a total transaction of $740,745.00. Following the completion of the sale, the director owned 93,567 shares in the company, valued at $8,556,702.15. The trade was a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Fabio Rosati also recently made the following trade(s):

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• On Tuesday, August 11th, Fabio Rosati sold 1,900 shares of Xometry stock. The stock was sold at an average price of $89.72, for a total transaction of $170,468.00.

Xometry Price Performance

Shares of Xometry stock opened at $93.09 on Thursday. The firm has a market cap of $4.82 billion, a PE ratio of -155.15 and a beta of 1.29. The business has a 50-day moving average price of $90.79 and a 200 day moving average price of $69.07. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $106.08.

Xometry (NASDAQ:XMTR – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same period in the prior year, the company posted $0.09 EPS. The business’s quarterly revenue was up 41.1% on a year-over-year basis. Sell-side analysts predict that Xometry, Inc. will post -0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on XMTR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Cantor Fitzgerald raised their price target on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Wedbush assumed coverage on Xometry in a research note on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective for the company. UBS Group increased their target price on Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Citizens Jmp raised their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $101.88.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank lifted its position in Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares in the last quarter. M&T Bank Corp grew its holdings in Xometry by 2.1% in the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after buying an additional 180 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Xometry by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after acquiring an additional 290 shares during the last quarter. Mariner LLC increased its stake in shares of Xometry by 3.2% in the 3rd quarter. Mariner LLC now owns 9,844 shares of the company’s stock worth $536,000 after acquiring an additional 301 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Xometry by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 74,565 shares of the company’s stock worth $4,434,000 after acquiring an additional 348 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

About Xometry

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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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