Xometry (NASDAQ:XMTR) Price Target Raised to $108.00

Xometry (NASDAQ:XMTR) had its target price hoisted by investment analysts at UBS Group from $95.00 to $108.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s price target suggests a potential downside of 4.86% from the stock’s current price.

XMTR has been the subject of a number of other research reports. Citizens Jmp upped their target price on shares of Xometry from $120.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Wednesday. BNP Paribas Exane started coverage on shares of Xometry in a report on Friday, September 18th. They issued an “outperform” rating and a $120.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. Wedbush boosted their price target on shares of Xometry from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Raymond James Financial set a $120.00 price objective on shares of Xometry in a report on Tuesday, September 22nd. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.64.

Xometry Price Performance

XMTR traded up $2.23 during trading on Wednesday, reaching $113.52. 973,641 shares of the company traded hands, compared to its average volume of 882,788. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. Xometry has a 12-month low of $35.86 and a 12-month high of $117.50. The firm has a fifty day simple moving average of $96.90 and a 200 day simple moving average of $76.46. The company has a market cap of $5.88 billion, a P/E ratio of -189.20 and a beta of 1.33.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The firm had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $235.54 million. During the same quarter last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. On average, equities analysts forecast that Xometry will post -0.01 EPS for the current year.

Insider Transactions at Xometry

In other news, CEO Sanjeev Sahni sold 1,500 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $108.80, for a total transaction of $163,200.00. Following the completion of the transaction, the chief executive officer directly owned 178,291 shares in the company, valued at approximately $19,398,060.80. This represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Randolph Altschuler sold 5,721 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $103.32, for a total transaction of $591,093.72. Following the completion of the transaction, the director directly owned 423,029 shares of the company’s stock, valued at approximately $43,707,356.28. This trade represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 64,699 shares of company stock worth $6,169,735. 9.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently bought and sold shares of XMTR. Integrated Wealth Concepts LLC purchased a new position in shares of Xometry in the 2nd quarter worth $36,000. IFP Advisors Inc increased its holdings in shares of Xometry by 687.5% in the 3rd quarter. IFP Advisors Inc now owns 441 shares of the company’s stock worth $45,000 after buying an additional 385 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Xometry by 36.5% during the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock valued at $99,000 after buying an additional 256 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Xometry during the 2nd quarter valued at about $97,000. Finally, Nykredit A S purchased a new stake in shares of Xometry during the 2nd quarter valued at about $103,000. Institutional investors own 97.31% of the company’s stock.

Xometry News Roundup

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Q3 results beat estimates: Revenue rose 39.5% year over year to a record $252.44 million, ahead of the $235.54 million consensus, while earnings of $0.28 per share topped the $0.19 estimate. Marketplace revenue grew 43% to $238 million, and active buyers increased 20% to 93,812. The earnings call also highlighted Xometry’s first GAAP profit. Xometry Q3 results Q3 earnings call highlights
• Positive Sentiment: Analysts raised targets: JPMorgan lifted its target to $140 and kept an Overweight rating; Citizens JMP raised its target to $135 with Market Outperform; Citigroup set a $132 target and Buy rating; and Rosenblatt raised its target to $130 with a Buy rating. These revisions signal greater confidence in Xometry’s growth outlook. JPMorgan analyst ratings Citigroup analyst ratings
• Neutral Sentiment: Other target increases were more modest: RBC raised its target to $117 but maintained Sector Perform, while Cantor Fitzgerald set a $114 target and retained Overweight. RBC target update Cantor Fitzgerald target update

About Xometry

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.