Xometry (NASDAQ:XMTR) Trading 5.6% Higher

Xometry, Inc. (NASDAQ:XMTR)’s stock price traded up 5.6% during mid-day trading on Tuesday . The company traded as high as $15.05 and last traded at $15.00. 71,886 shares were traded during mid-day trading, a decline of 89% from the average session volume of 641,692 shares. The stock had previously closed at $14.21.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup decreased their target price on Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, May 28th. JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Xometry in a report on Tuesday. Craig Hallum dropped their target price on Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, Cantor Fitzgerald assumed coverage on Xometry in a research note on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Xometry currently has a consensus rating of “Hold” and a consensus price target of $22.29.

Xometry Stock Performance

The company has a current ratio of 4.34, a quick ratio of 4.30 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $13.93 and a two-hundred day moving average price of $20.13. The stock has a market capitalization of $715.32 million, a P/E ratio of -11.32 and a beta of 0.52.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. The business had revenue of $122.69 million during the quarter, compared to the consensus estimate of $119.00 million. On average, equities analysts forecast that Xometry, Inc. will post -0.99 earnings per share for the current year.

Insider Buying and Selling

In other Xometry news, insider Subir Dutt acquired 10,000 shares of Xometry stock in a transaction on Thursday, May 30th. The stock was purchased at an average price of $15.55 per share, for a total transaction of $155,500.00. Following the purchase, the insider now directly owns 46,864 shares of the company’s stock, valued at $728,735.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 2,286 shares of company stock worth $27,662. 19.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Values First Advisors Inc. grew its stake in Xometry by 19.5% in the 2nd quarter. Values First Advisors Inc. now owns 56,872 shares of the company’s stock valued at $657,000 after purchasing an additional 9,274 shares during the period. Bellecapital International Ltd. bought a new position in shares of Xometry during the 2nd quarter worth $6,281,000. Sylebra Capital LLC grew its stake in shares of Xometry by 1,005.3% during the 1st quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock worth $10,882,000 after acquiring an additional 585,971 shares during the period. Clearbridge Investments LLC grew its stake in shares of Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after acquiring an additional 217,939 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new stake in Xometry during the 1st quarter worth about $169,000. Institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

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.