Insider Buying: Xometry (NASDAQ:XMTR) Director Purchases 1,215 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) Director Katharine Weymouth bought 1,215 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average cost of $41.15 per share, with a total value of $49,997.25. Following the purchase, the director directly owned 3,615 shares of the company’s stock, valued at approximately $148,757.25. This represents a 50.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Xometry Price Performance

Shares of NASDAQ:XMTR traded up $0.98 during trading hours on Monday, hitting $41.99. 805,045 shares of the company’s stock traded hands, compared to its average volume of 1,119,996. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -34.42 and a beta of 0.91. Xometry, Inc. has a 52 week low of $18.59 and a 52 week high of $73.87. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.72 and a current ratio of 3.76. The company’s fifty day simple moving average is $60.65 and its two-hundred day simple moving average is $56.14.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $192.40 million for the quarter, compared to analyst estimates of $183.37 million. Xometry had a negative net margin of 8.99% and a negative return on equity of 5.49%. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. As a group, equities analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current fiscal year.

Institutional Trading of Xometry

A number of hedge funds and other institutional investors have recently made changes to their positions in XMTR. Kemnay Advisory Services Inc. acquired a new stake in Xometry in the 4th quarter valued at about $28,000. Quantbot Technologies LP bought a new stake in Xometry in the third quarter valued at about $30,000. Westend Capital Management LLC acquired a new stake in shares of Xometry in the 3rd quarter valued at approximately $41,000. GAMMA Investing LLC raised its holdings in Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after purchasing an additional 162 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in Xometry during the 3rd quarter worth $47,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XMTR shares. UBS Group lifted their price target on Xometry from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Citizens Jmp set a $75.00 price target on shares of Xometry in a research note on Wednesday, November 5th. JPMorgan Chase & Co. raised their price objective on Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Citigroup dropped their target price on shares of Xometry from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Zacks Research lowered Xometry from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.00.

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.