Xometry (NASDAQ:XMTR) Shares Gap Up – What’s Next?

Xometry, Inc. (NASDAQ:XMTR) gapped up before the market opened on Tuesday . The stock had previously closed at $48.57, but opened at $55.46. Xometry shares last traded at $55.52, with a volume of 476,177 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $49.00 price objective (up previously from $42.00) on shares of Xometry in a research note on Thursday, October 16th. Cantor Fitzgerald raised shares of Xometry from an “underweight” rating to a “neutral” rating and set a $41.00 target price for the company in a research report on Tuesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th. Citigroup reissued an “outperform” rating on shares of Xometry in a research report on Friday, July 11th. Finally, JMP Securities increased their target price on shares of Xometry from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Xometry presently has a consensus rating of “Hold” and an average target price of $41.22.

Xometry Price Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 3.91 and a quick ratio of 3.85. The company’s 50-day simple moving average is $50.67 and its 200-day simple moving average is $39.98. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -48.81 and a beta of 0.87.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. Xometry had a negative net margin of 10.20% and a negative return on equity of 6.79%. The company had revenue of $162.55 million during the quarter, compared to the consensus estimate of $156.53 million. During the same quarter last year, the company earned ($0.01) earnings per share. Xometry’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, equities research analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current year.

Insider Activity at Xometry

In other Xometry news, CEO Randolph Altschuler sold 9,331 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $50.31, for a total value of $469,442.61. Following the completion of the sale, the chief executive officer owned 310,271 shares of the company’s stock, valued at $15,609,734.01. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Miln sold 598 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $50.25, for a total transaction of $30,049.50. Following the completion of the sale, the chief financial officer directly owned 144,115 shares of the company’s stock, valued at $7,241,778.75. This trade represents a 0.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.66% of the stock is owned by company insiders.

Institutional Trading of Xometry

Several large investors have recently bought and sold shares of XMTR. Westend Capital Management LLC purchased a new position in shares of Xometry during the 3rd quarter valued at approximately $41,000. Global Retirement Partners LLC purchased a new position in shares of Xometry during the 3rd quarter valued at approximately $47,000. GAMMA Investing LLC boosted its stake in shares of Xometry by 160.1% during the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company’s stock valued at $25,000 after buying an additional 618 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Xometry by 68.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock valued at $34,000 after buying an additional 412 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Xometry by 825.6% during the 1st quarter. CWM LLC now owns 1,555 shares of the company’s stock valued at $39,000 after buying an additional 1,387 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.