Xometry (NASDAQ:XMTR) CTO Sells $173,929.86 in Stock

Xometry, Inc. (NASDAQ:XMTR) CTO Vaidyanathan Raghavan sold 1,866 shares of Xometry stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $93.21, for a total value of $173,929.86. Following the transaction, the chief technology officer directly owned 140,777 shares in the company, valued at $13,121,824.17. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Xometry Trading Down 3.9%

NASDAQ XMTR opened at $89.51 on Thursday. The firm has a market capitalization of $4.64 billion, a PE ratio of -87.75 and a beta of 1.27. The business’s 50-day moving average price is $85.04 and its two-hundred day moving average price is $64.03. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. Xometry, Inc. has a 12 month low of $30.63 and a 12 month high of $99.86.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data 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 company had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The firm’s revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, analysts expect that Xometry, Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

XMTR has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 target price on shares of Xometry in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Citizens Jmp raised their price objective 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. Royal Bank Of Canada boosted their target price on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Citigroup increased their target price on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.00.

Institutional Investors Weigh In On Xometry

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in shares of Xometry during the fourth quarter worth approximately $28,000. Quantbot Technologies LP bought a new stake in Xometry during the 3rd quarter valued at $30,000. GAMMA Investing LLC increased its stake in Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares in the last quarter. Leonteq Securities AG acquired a new position in Xometry during the fourth quarter worth $59,000. Finally, CoreCap Advisors LLC bought a new position in shares of Xometry in the second quarter valued at $97,000. Institutional investors 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.