Xometry, Inc. (NASDAQ:XMTR – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $91.24 and last traded at $87.96, with a volume of 794804 shares traded. The stock had previously closed at $86.12.
Analysts Set New Price Targets
A number of research firms recently commented on XMTR. Cantor Fitzgerald upgraded 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. William Blair reiterated an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Royal Bank Of Canada lifted their price objective on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Wedbush dropped their price objective on Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Finally, Citizens Jmp lifted their price objective on Xometry from $75.00 to $100.00 and gave the stock 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 given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.00.
Read Our Latest Research Report on Xometry
Xometry Stock Up 2.1%
Xometry (NASDAQ:XMTR – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate 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 company had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The firm’s revenue was up 35.9% on a year-over-year basis. Equities research analysts predict that Xometry, Inc. will post -0.27 EPS for the current year.
Insider Buying and Selling at Xometry
In other news, CFO James Miln sold 1,500 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $79.69, for a total transaction of $119,535.00. Following the completion of the sale, the chief financial officer owned 184,523 shares in the company, valued at approximately $14,704,637.87. The trade was a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Vaidyanathan Raghavan sold 4,572 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.44, for a total value of $198,607.68. Following the sale, the chief technology officer owned 64,304 shares of the company’s stock, valued at $2,793,365.76. The trade was a 6.64% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 73,991 shares of company stock worth $3,553,598. Company insiders own 9.10% of the company’s stock.
Institutional Trading of Xometry
Institutional investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Xometry during the 4th quarter worth about $28,000. Quantbot Technologies LP acquired a new position in Xometry during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC lifted its position in Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after acquiring an additional 162 shares in the last quarter. Leonteq Securities AG acquired a new position in Xometry during the 4th quarter worth approximately $59,000. Finally, Comerica Bank lifted its position in Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares in the last quarter. 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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