Xometry, Inc. (NASDAQ:XMTR – Get Free Report)’s stock price fell 6.5% during mid-day trading on Wednesday . The company traded as low as $86.37 and last traded at $86.45. 156,637 shares were traded during trading, a decline of 82% from the average daily volume of 881,431 shares. The stock had previously closed at $92.45.
Wall Street Analyst Weigh In
Several research firms have commented on XMTR. The Goldman Sachs Group boosted their price target on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. 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. Wedbush started coverage on Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 target price on the stock. Finally, Royal Bank Of Canada upped their target price on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. One 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’s stock. According to MarketBeat.com, Xometry currently has an average rating of “Moderate Buy” and an average price target of $108.33.
Get Our Latest Analysis on Xometry
Xometry Stock Down 0.9%
Xometry (NASDAQ:XMTR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The business 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 quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 EPS. On average, equities research analysts predict that Xometry, Inc. will post -0.01 earnings per share for the current year.
Insider Activity
In other Xometry news, CTO Vaidyanathan Raghavan sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $96.77, for a total transaction of $483,850.00. Following the completion of the transaction, the chief technology officer owned 135,777 shares of the company’s stock, valued at approximately $13,139,140.29. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Emily Rollins sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total value of $421,550.00. Following the completion of the transaction, the director directly owned 15,136 shares of the company’s stock, valued at approximately $1,276,116.16. This trade represents a 24.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 55,553 shares of company stock worth $5,116,368 in the last quarter. 9.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in XMTR. Royal Bank of Canada raised its position in shares of Xometry by 5.0% in the first quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock valued at $1,511,000 after buying an additional 2,899 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Xometry in the 1st quarter worth approximately $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Xometry by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock valued at $649,000 after acquiring an additional 1,877 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock valued at $11,281,000 after acquiring an additional 95,154 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Xometry by 476.1% during the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after purchasing an additional 197,013 shares during the period. Institutional investors and hedge funds 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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