Xometry (NASDAQ:XMTR – Get Free Report) had its price objective raised by Rosenblatt Securities from $130.00 to $140.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities‘s price objective points to a potential upside of 17.05% from the stock’s current price.
XMTR has been the subject of a number of other reports. Citigroup increased their price objective on Xometry from $110.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Cantor Fitzgerald lifted their target price on Xometry from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. Citizens Jmp lifted their target price on Xometry from $120.00 to $135.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 4th. UBS Group boosted their price target on Xometry from $95.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Finally, Zacks Research raised Xometry from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Xometry presently has an average rating of “Moderate Buy” and a consensus target price of $124.55.
Read Our Latest Research Report on XMTR
Xometry Stock Performance
NASDAQ:XMTR traded down $1.17 during mid-day trading on Friday, hitting $119.61. The stock had a trading volume of 576,386 shares, compared to its average volume of 884,573. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of -351.78 and a beta of 1.33. The company has a 50 day simple moving average of $100.47 and a 200-day simple moving average of $78.39. Xometry has a 52 week low of $35.86 and a 52 week high of $127.49. The company has a current ratio of 3.15, a quick ratio of 3.13 and a debt-to-equity ratio of 0.40.
Xometry (NASDAQ:XMTR – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $252.44 million during the quarter, compared to analysts’ expectations of $235.54 million. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. Xometry’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. On average, research analysts expect that Xometry will post 0.13 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Randolph Altschuler sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $108.90, for a total transaction of $1,089,000.00. Following the sale, the director owned 531,270 shares of the company’s stock, valued at $57,855,303. The trade was a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Miln sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $113.81, for a total value of $455,240.00. Following the completion of the sale, the chief financial officer owned 173,631 shares of the company’s stock, valued at $19,760,944.11. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 73,999 shares of company stock worth $7,487,818. Company insiders own 9.10% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of XMTR. Integrated Wealth Concepts LLC acquired a new position in Xometry during the second quarter worth about $36,000. IFP Advisors Inc lifted its holdings in Xometry by 687.5% in the 3rd quarter. IFP Advisors Inc now owns 441 shares of the company’s stock valued at $45,000 after acquiring an additional 385 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in Xometry in the 3rd quarter valued at about $59,000. GAMMA Investing LLC boosted its position in shares of Xometry by 36.5% during the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock valued at $99,000 after purchasing an additional 256 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of Xometry during the 2nd quarter valued at about $97,000. Institutional investors own 97.31% of the company’s stock.
Xometry Company Profile
Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.
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