Xometry, Inc. (NASDAQ:XMTR) Receives $84.25 Consensus PT from Brokerages

Xometry, Inc. (NASDAQ:XMTR) has been given an average recommendation of “Hold” by the eleven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $84.25.

Several research analysts recently commented on XMTR shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Wedbush initiated 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. 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. Royal Bank Of Canada lifted their price target on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a report on Thursday, April 30th.

Insider Activity at Xometry

In related news, CEO Randolph Altschuler sold 50,000 shares of Xometry stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $87.85, for a total value of $4,392,500.00. Following the completion of the transaction, the chief executive officer directly owned 455,248 shares in the company, valued at approximately $39,993,536.80. This trade represents a 9.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lukas Alexander Biewald acquired 47,058 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the completion of the acquisition, the director owned 55,134 shares of the company’s stock, valued at $4,686,390. The trade was a 582.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 80,496 shares of company stock worth $7,124,340 over the last 90 days. Company insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in XMTR. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Xometry in the 4th quarter valued at approximately $76,393,000. Ameriprise Financial Inc. lifted its stake in Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares during the last quarter. Durable Capital Partners LP bought a new position in Xometry during the third quarter worth $36,455,000. Allspring Global Investments Holdings LLC boosted its holdings in Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after purchasing an additional 492,285 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in Xometry by 115.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after purchasing an additional 451,259 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Price Performance

XMTR opened at $86.51 on Friday. The company has a fifty day simple moving average of $91.30 and a 200 day simple moving average of $66.67. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of -84.81 and a beta of 1.27. Xometry has a twelve month low of $30.63 and a twelve month high of $106.08. 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 (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. Equities research analysts expect that Xometry will post -0.06 EPS for the current fiscal year.

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.