Xometry, Inc. (NASDAQ:XMTR) Receives Average Rating of “Hold” from Brokerages

by · The Cerbat Gem

Xometry, Inc. (NASDAQ:XMTR – Get Free Report) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $57.8889.

Several research firms have recently weighed in on XMTR. JPMorgan Chase & Co. lifted their price objective on shares of Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Citigroup reaffirmed an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. Wedbush increased their price objective on shares of Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald increased their price target on Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th.

Check Out Our Latest Stock Report on XMTR

Insider Activity at Xometry

In other Xometry news, insider Subir Dutt sold 2,075 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $60.00, for a total value of $124,500.00. Following the transaction, the insider directly owned 71,348 shares of the company’s stock, valued at approximately $4,280,880. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Randolph Altschuler sold 9,331 shares of Xometry stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $50.31, for a total transaction of $469,442.61. Following the transaction, the chief executive officer owned 310,271 shares of the company’s stock, valued at $15,609,734.01. This represents a 2.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 12,005 shares of company stock valued at $631,147. 9.66% of the stock is owned by company insiders.

Institutional Trading of Xometry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares in the last quarter. Arizona State Retirement System raised its position in Xometry by 2.0% in the 3rd quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock valued at $713,000 after buying an additional 256 shares during the last quarter. Mariner LLC lifted its stake in Xometry by 3.2% during the 3rd quarter. Mariner LLC now owns 9,844 shares of the company’s stock valued at $536,000 after acquiring an additional 301 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in Xometry by 1.6% during the 1st quarter. Corebridge Financial Inc. now owns 21,481 shares of the company’s stock worth $535,000 after acquiring an additional 348 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Xometry by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock worth $34,000 after acquiring an additional 412 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Stock Performance

XMTR stock opened at $58.00 on Friday. The firm has a market cap of $2.97 billion, a PE ratio of -46.40 and a beta of 0.86. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average price of $55.43 and a 200-day moving average price of $45.96. Xometry has a 1-year low of $18.59 and a 1-year high of $69.26.

Xometry (NASDAQ:XMTR – Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The business had revenue of $180.72 million during the quarter, compared to analysts’ expectations of $168.25 million. During the same quarter last year, the firm posted $0.02 earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. As a group, equities research analysts expect that Xometry will post -0.66 earnings per share for the current year.

About Xometry

(Get Free Report)

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.

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