Brokerages Set Xometry, Inc. (NASDAQ:XMTR) PT at $101.88

Xometry, Inc. (NASDAQ:XMTR) has earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $101.8750.

Several equities research analysts recently commented on XMTR shares. Cantor Fitzgerald boosted their price target on shares of Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. UBS Group increased their price objective on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Wedbush assumed coverage on shares of Xometry in a research note on Thursday, July 16th. They set an “outperform” rating and a $126.00 target price for the company. Finally, Citizens Jmp upped their price target on shares of Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th.

Xometry Stock Up 1.9%

Xometry stock opened at $96.26 on Thursday. The stock has a market capitalization of $4.99 billion, a PE ratio of -160.43 and a beta of 1.29. Xometry has a 12 month low of $35.86 and a 12 month high of $106.08. The business has a 50 day simple moving average of $91.34 and a 200-day simple moving average of $69.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same period in the prior year, the company posted $0.09 EPS. The business’s quarterly revenue was up 41.1% on a year-over-year basis. On average, analysts anticipate that Xometry will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Xometry news, Director Fabio Rosati sold 1,900 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $89.72, for a total transaction of $170,468.00. Following the completion of the transaction, the director owned 91,667 shares of the company’s stock, valued at $8,224,363.24. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Miln sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $87.92, for a total value of $131,880.00. Following the completion of the transaction, the chief financial officer owned 177,631 shares in the company, valued at approximately $15,617,317.52. This trade represents a 0.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,996 shares of company stock worth $7,436,098 in the last quarter. 9.10% of the stock is owned by insiders.

Institutional Trading of Xometry

Several large investors have recently made changes to their positions in XMTR. Ameriprise Financial Inc. lifted its holdings in Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares in the last quarter. First Trust Advisors LP boosted its stake in Xometry by 9.2% during the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock worth $93,729,000 after purchasing an additional 132,792 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Xometry during the fourth quarter worth $76,393,000. State Street Corp grew its holdings in shares of Xometry by 1.2% during the fourth quarter. State Street Corp now owns 978,540 shares of the company’s stock worth $58,194,000 after buying an additional 11,272 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Xometry by 26.3% during the third quarter. Wellington Management Group LLP now owns 947,045 shares of the company’s stock worth $51,586,000 after buying an additional 197,297 shares in the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.