Xometry, Inc. (NASDAQ:XMTR) Receives $22.29 Average Target Price from Analysts

Xometry, Inc. (NASDAQ:XMTR) has been given a consensus rating of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.29.

XMTR has been the subject of several recent research reports. Cantor Fitzgerald assumed coverage on Xometry in a report on Wednesday, June 5th. They set an “underweight” rating and a $13.00 price objective for the company. Citigroup decreased their price objective on Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price objective on shares of Xometry in a research report on Tuesday, July 23rd. Finally, Craig Hallum decreased their price objective on Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, May 10th.

Xometry Stock Down 2.6 %

Shares of NASDAQ:XMTR opened at $14.68 on Wednesday. Xometry has a 52 week low of $11.08 and a 52 week high of $38.74. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.30 and a current ratio of 4.34. The company’s fifty day moving average is $13.81 and its 200-day moving average is $19.42. The company has a market capitalization of $677.04 million, a PE ratio of -10.79 and a beta of 0.52.

Xometry (NASDAQ:XMTR) last issued its earnings results on Thursday, May 9th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.02. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. The company had revenue of $122.69 million for the quarter, compared to the consensus estimate of $119.00 million. Equities research analysts predict that Xometry will post -0.99 earnings per share for the current fiscal year.

Insider Transactions at Xometry

In other Xometry news, insider Subir Dutt purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average price of $15.55 per share, for a total transaction of $155,500.00. Following the purchase, the insider now owns 46,864 shares in the company, valued at $728,735.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,286 shares of company stock worth $27,662 in the last 90 days. Corporate insiders own 19.23% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of large investors have recently added to or reduced their stakes in the business. Panagora Asset Management Inc. bought a new stake in Xometry in the 2nd quarter valued at $330,000. ARK Investment Management LLC increased its position in Xometry by 74.9% during the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock worth $3,063,000 after buying an additional 113,478 shares during the period. Bank of New York Mellon Corp increased its position in Xometry by 21.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,522 shares of the company’s stock worth $1,624,000 after buying an additional 25,247 shares during the period. Values First Advisors Inc. increased its position in Xometry by 19.5% during the 2nd quarter. Values First Advisors Inc. now owns 56,872 shares of the company’s stock worth $657,000 after buying an additional 9,274 shares during the period. Finally, Bellecapital International Ltd. bought a new position in Xometry during the 2nd quarter worth $6,281,000. 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.