Xometry (NASDAQ:XMTR) Trading Down 6.7% – Time to Sell?
by Teresa Graham · The Cerbat GemXometry, Inc. (NASDAQ:XMTR – Get Free Report) was down 6.7% on Thursday . The company traded as low as $41.56 and last traded at $41.3950. Approximately 109,528 shares were traded during trading, a decline of 89% from the average daily volume of 1,012,803 shares. The stock had previously closed at $44.37.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on XMTR shares. Zacks Research upgraded Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. UBS Group increased their price target on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Citigroup lowered their price target on Xometry from $75.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Wedbush lowered their price target on Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.00.
Check Out Our Latest Stock Analysis on Xometry
Xometry Trading Down 5.7%
The company has a 50 day moving average of $48.06 and a 200-day moving average of $54.48. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.72 and a current ratio of 3.76. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -34.23 and a beta of 0.88.
Xometry (NASDAQ:XMTR – Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $192.40 million for the quarter, compared to analyst estimates of $183.37 million. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.Xometry’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. On average, research analysts anticipate that Xometry, Inc. will post -0.66 earnings per share for the current year.
Insider Buying and Selling
In other Xometry news, President Sanjeev Singh Sahni sold 9,978 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.45, for a total value of $433,544.10. Following the sale, the president owned 113,022 shares of the company’s stock, valued at $4,910,805.90. This trade represents a 8.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Katharine Weymouth purchased 1,215 shares of Xometry stock in a transaction on Friday, February 27th. The stock was bought at an average cost of $41.15 per share, for a total transaction of $49,997.25. Following the transaction, the director directly owned 3,615 shares in the company, valued at $148,757.25. This represents a 50.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 68,090 shares of company stock worth $3,032,592 over the last ninety days. Company insiders own 9.66% of the company’s stock.
Institutional Investors Weigh In On Xometry
A number of hedge funds have recently bought and sold shares of XMTR. Kemnay Advisory Services Inc. acquired a new stake in Xometry in the 4th quarter valued at about $28,000. Quantbot Technologies LP acquired a new position in Xometry in the third quarter valued at approximately $30,000. Westend Capital Management LLC acquired a new position in Xometry in the third quarter valued at approximately $41,000. GAMMA Investing LLC increased its stake in Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Xometry in the third quarter valued at approximately $47,000. Institutional investors and hedge funds 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.