Xometry (NASDAQ:XMTR) Shares Down 5.4%

Xometry, Inc. (NASDAQ:XMTR)’s stock price dropped 5.4% during mid-day trading on Wednesday . The company traded as low as $17.21 and last traded at $17.26. Approximately 120,438 shares traded hands during trading, a decline of 82% from the average daily volume of 655,391 shares. The stock had previously closed at $18.25.

Analyst Ratings Changes

XMTR has been the topic of several recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $27.00 target price on shares of Xometry in a report on Tuesday, July 23rd. Craig Hallum decreased their price objective on shares of Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Cantor Fitzgerald dropped their target price on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 9th. Finally, Citigroup reduced their price target on Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. 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’s stock. According to data from MarketBeat.com, Xometry currently has a consensus rating of “Hold” and a consensus price target of $22.14.

Xometry Stock Performance

The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89. The firm has a market cap of $792.41 million, a P/E ratio of -12.91 and a beta of 0.53. The business has a fifty day simple moving average of $13.56 and a 200-day simple moving average of $18.19.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.13. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The company had revenue of $132.60 million during the quarter, compared to analyst estimates of $128.65 million. During the same period last year, the business earned ($0.55) EPS. Xometry’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that Xometry, Inc. will post -0.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Subir Dutt bought 10,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were acquired at an average cost of $15.55 per share, with a total value of $155,500.00. Following the completion of the acquisition, the insider now owns 46,864 shares of the company’s stock, valued at approximately $728,735.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 2,286 shares of company stock worth $27,662 in the last 90 days. Insiders own 19.23% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently made changes to their positions in XMTR. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Xometry by 13.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after buying an additional 894 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Xometry by 0.8% during the 2nd quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock worth $2,474,000 after acquiring an additional 1,708 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after acquiring an additional 2,140 shares during the period. nVerses Capital LLC purchased a new stake in shares of Xometry in the 2nd quarter worth $38,000. Finally, Quest Partners LLC bought a new position in Xometry in the 4th quarter worth $125,000. Hedge funds and other 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.