Shares of Xometry, Inc. (NASDAQ:XMTR – Get Free Report) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $76.00.
XMTR has been the topic of several research analyst reports. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Wedbush reduced their price target on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Citizens Jmp raised their price target on shares of Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. William Blair restated an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Finally, Citigroup raised their price objective on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th.
Read Our Latest Report on XMTR
Xometry Stock Performance
Xometry (NASDAQ:XMTR – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, analysts expect that Xometry will post -0.11 earnings per share for the current year.
Insider Buying and Selling
In other news, CFO James Miln sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $96.90, for a total transaction of $145,350.00. Following the completion of the transaction, the chief financial officer directly owned 183,023 shares of the company’s stock, valued at approximately $17,734,928.70. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Randolph Altschuler sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $87.85, for a total transaction of $4,392,500.00. Following the completion of the sale, the chief executive officer directly owned 455,248 shares in the company, valued at approximately $39,993,536.80. The trade was a 9.90% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 68,943 shares of company stock worth $5,989,621. Insiders own 9.10% of the company’s stock.
Hedge Funds Weigh In On Xometry
Hedge funds and other institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. acquired a new position in Xometry during the fourth quarter worth $76,393,000. Ameriprise Financial Inc. grew its holdings in shares of Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares during the last quarter. Durable Capital Partners LP acquired a new stake in shares of Xometry during the 3rd quarter worth about $36,455,000. Allspring Global Investments Holdings LLC lifted its holdings in Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after purchasing an additional 492,285 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in Xometry by 115.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock valued at $50,132,000 after purchasing an additional 451,259 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.
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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