Xometry (NASDAQ:XMTR) Director Emily Rollins Sells 5,000 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total transaction of $421,550.00. Following the completion of the transaction, the director owned 15,136 shares of the company’s stock, valued at $1,276,116.16. This trade represents a 24.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Xometry Stock Up 0.6%

NASDAQ:XMTR opened at $83.59 on Friday. The company has a market cap of $4.33 billion, a price-to-earnings ratio of -139.31 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The stock’s fifty day moving average price is $91.50 and its two-hundred day moving average price is $70.29. Xometry, Inc. has a 52-week low of $35.86 and a 52-week high of $106.08.

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

Institutional Trading of Xometry

Several hedge funds have recently bought and sold shares of XMTR. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Xometry in the second quarter valued at approximately $414,000. Nykredit A S acquired a new position in Xometry in the 2nd quarter worth $103,000. Wellington Management Group LLP increased its holdings in Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after purchasing an additional 280,491 shares in the last quarter. CoreCap Advisors LLC bought a new position in Xometry during the 2nd quarter worth about $97,000. Finally, PVG Asset Management Corp acquired a new stake in shares of Xometry in the 1st quarter valued at about $703,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. 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 research note on Wednesday, August 5th. The Goldman Sachs Group upped their target price on shares of Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. UBS Group lifted their price objective on Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Citizens Jmp increased their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Finally, Wedbush initiated coverage on Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Xometry currently has an average rating of “Moderate Buy” and an average price target of $102.78.

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.