Stock analysts at JPMorgan Chase & Co. assumed coverage on shares of Xometry (NASDAQ:XMTR – Get Free Report) in a research report issued on Monday. The firm set an “overweight” rating and a $120.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 42.13% from the company’s previous close.
Several other research firms also recently commented on XMTR. Citigroup upped their price target on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Cantor Fitzgerald upped their price objective on shares of Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Wedbush assumed coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target on the stock. Finally, Citizens Jmp lifted their price target on shares of Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.33.
View Our Latest Stock Analysis on Xometry
Xometry Stock Performance
Xometry (NASDAQ:XMTR – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The company’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, equities analysts anticipate that Xometry will post -0.02 EPS for the current fiscal year.
Insider Transactions at Xometry
In other news, insider Subir Dutt sold 2,500 shares of Xometry stock in a transaction 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 completion of the sale, the insider owned 94,789 shares in the company, valued at $9,004,955. The trade was a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lukas Alexander Biewald bought 47,058 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $85.00 per share, for a total transaction of $3,999,930.00. Following the transaction, the director directly owned 55,134 shares in the company, valued at $4,686,390. This trade represents a 582.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 34,553 shares of company stock valued at $3,159,518. 9.10% of the stock is owned by insiders.
Institutional Investors Weigh In On Xometry
Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its holdings in shares of Xometry by 9,368.5% during the second quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company’s stock valued at $473,128,000 after purchasing an additional 4,850,095 shares during the period. Odyssean LLC acquired a new stake in shares of Xometry in the 2nd quarter valued at about $1,464,000. Comprehensive Financial Planning Inc. PA bought a new stake in Xometry in the 2nd quarter valued at about $414,000. Nykredit A S acquired a new stake in Xometry in the second quarter valued at approximately $103,000. Finally, Wellington Management Group LLP grew its stake in Xometry by 26.9% in the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after acquiring an additional 280,491 shares during the period. 97.31% of the stock is owned by institutional investors.
Xometry Company Profile
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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