James Miln Sells 1,500 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $79.69, for a total value of $119,535.00. Following the sale, the chief financial officer directly owned 184,523 shares in the company, valued at $14,704,637.87. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

James Miln also recently made the following trade(s):

• On Thursday, February 26th, James Miln sold 15,103 shares of Xometry stock. The stock was sold at an average price of $43.46, for a total value of $656,376.38.

Xometry Stock Up 4.4%

Shares of XMTR opened at $89.98 on Friday. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of -88.22 and a beta of 1.01. Xometry, Inc. has a 1 year low of $29.60 and a 1 year high of $89.98. The business’s 50 day simple moving average is $48.33 and its 200-day simple moving average is $55.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. Xometry’s quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities analysts expect that Xometry, Inc. will post -0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xometry

Hedge funds have recently bought and sold shares of the business. Peregrine Investment Management Inc. bought a new position in Xometry in the 3rd quarter valued at $4,358,000. First Trust Advisors LP grew its position in Xometry by 12.8% in the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock valued at $78,616,000 after acquiring an additional 164,278 shares during the last quarter. Blair William & Co. IL grew its position in Xometry by 22.1% in the 3rd quarter. Blair William & Co. IL now owns 324,565 shares of the company’s stock valued at $17,679,000 after acquiring an additional 58,707 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Xometry by 246.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 132,038 shares of the company’s stock valued at $7,192,000 after acquiring an additional 93,917 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in Xometry in the 3rd quarter valued at $2,623,000. Institutional investors own 97.31% of the company’s stock.

Key Headlines Impacting Xometry

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Citigroup raised its price target on Xometry to $98 from $65 and kept a buy rating, reinforcing the view that the stock still has upside after its recent run. Xometry (NASDAQ:XMTR) Price Target Raised to $98.00 at Citigroup
• Positive Sentiment: The company said it is streamlining data center supply chain sourcing on a single platform for critical infrastructure components, which could expand business with a high-growth end market. Xometry Streamlines Data Center Supply Chain, Offering Single-Platform Sourcing for Critical Infrastructure Components
• Neutral Sentiment: An analyst note highlighted that Xometry set a new 52-week high after the upgrade, reflecting strong momentum following recent earnings and guidance momentum. Xometry (NASDAQ:XMTR) Sets New 52-Week High After Analyst Upgrade
• Neutral Sentiment: Insider selling by CFO James Miln and executive Subir Dutt may temper enthusiasm, but the sales were relatively small versus their remaining holdings. Xometry (NASDAQ:XMTR) CFO Sells $119,535.00 in Stock
• Neutral Sentiment: Recent coverage also pointed to accelerating growth after Q1 earnings, which helps explain why investors have been bidding up Xometry despite a still-premium valuation. Xometry Stock Growth Further Accelerates Despite Tough Comps

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research upgraded Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. William Blair restated an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. The Goldman Sachs Group restated a “neutral” rating and set a $78.00 price target on shares of Xometry in a report on Friday, May 8th. Citizens Jmp increased their price target on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Finally, Wedbush decreased their price target on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.00.

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.