Xometry, Inc. (NASDAQ:XMTR) Receives $84.25 Consensus PT from Analysts

Xometry, Inc. (NASDAQ:XMTR) has earned an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $84.25.

A number of analysts have weighed in on XMTR shares. Royal Bank Of Canada increased their price objective on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 target price on shares of Xometry in a report on Friday, May 8th. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a research note on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Finally, Citizens Jmp increased their price target on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th.

Insider Activity at Xometry

In other news, Director Lukas Alexander Biewald acquired 47,058 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was bought at an average price of $85.00 per share, for a total transaction of $3,999,930.00. Following the transaction, the director owned 55,134 shares in the company, valued at $4,686,390. This represents a 582.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Randolph Altschuler sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $87.85, for a total transaction of $4,392,500.00. Following the completion of the sale, the chief executive officer owned 455,248 shares of the company’s stock, valued at $39,993,536.80. This trade represents a 9.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 80,496 shares of company stock worth $7,124,340 in the last 90 days. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Xometry by 5.0% during the 1st quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock worth $1,511,000 after purchasing an additional 2,899 shares during the period. AQR Capital Management LLC purchased a new position in shares of Xometry during the 1st quarter worth approximately $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Xometry by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock valued at $649,000 after buying an additional 1,877 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock valued at $11,281,000 after buying an additional 95,154 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Xometry by 476.1% in the second quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock valued at $8,055,000 after buying an additional 197,013 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Trading Up 4.7%

NASDAQ XMTR opened at $104.85 on Friday. The firm’s fifty day moving average is $91.13 and its two-hundred day moving average is $66.23. Xometry has a one year low of $30.63 and a one year high of $106.08. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The firm has a market cap of $5.43 billion, a PE ratio of -102.79 and a beta of 1.27.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) earnings per share. Analysts expect that Xometry will post 0.17 earnings per share for the current year.

About Xometry

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.