Xometry (NASDAQ:XMTR) Director Fabio Rosati Sells 1,900 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Fabio Rosati sold 1,900 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $89.72, for a total transaction of $170,468.00. Following the sale, the director owned 91,667 shares of the company’s stock, valued at approximately $8,224,363.24. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Fabio Rosati also recently made the following trade(s):

• On Monday, August 10th, Fabio Rosati sold 8,100 shares of Xometry stock. The stock was sold at an average price of $91.45, for a total transaction of $740,745.00.

Xometry Stock Performance

NASDAQ:XMTR opened at $91.43 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of -152.38 and a beta of 1.29. The company’s 50-day moving average is $90.57 and its two-hundred day moving average is $68.85. Xometry, Inc. has a 1-year low of $35.86 and a 1-year high of $106.08.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business’s revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. Analysts forecast that Xometry, Inc. will post -0.06 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Citigroup upped their target price on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald lifted their price target on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Wedbush started coverage on Xometry in a research report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price on the stock. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $101.88.

Institutional Trading of Xometry

Several hedge funds have recently made changes to their positions in XMTR. Comerica Bank lifted its stake in Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after purchasing an additional 173 shares during the last quarter. M&T Bank Corp increased its stake in Xometry by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after purchasing an additional 180 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Xometry by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after purchasing an additional 290 shares in the last quarter. Mariner LLC raised its holdings in Xometry by 3.2% during the third quarter. Mariner LLC now owns 9,844 shares of the company’s stock worth $536,000 after purchasing an additional 301 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Xometry by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 74,565 shares of the company’s stock worth $4,434,000 after buying an additional 348 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.