Xometry, Inc. (NASDAQ:XMTR) Receives Average Recommendation of “Hold” from Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $22.71.

XMTR has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Xometry in a report on Tuesday, April 23rd. Craig Hallum lowered their price target on Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Royal Bank of Canada lowered their price target on Xometry from $38.00 to $23.00 and set a “sector perform” rating on the stock in a report on Friday, March 1st. Citigroup lowered their price target on Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. Finally, Cantor Fitzgerald initiated coverage on shares of Xometry in a research report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 price objective for the company.

Insider Activity at Xometry

In other news, insider Subir Dutt acquired 10,000 shares of Xometry stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $15.55 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the insider now directly owns 46,864 shares in the company, valued at $728,735.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 2,286 shares of company stock worth $35,940 over the last 90 days. Company insiders own 19.23% of the company’s stock.

Institutional Investors Weigh In On Xometry

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lisanti Capital Growth LLC acquired a new stake in shares of Xometry during the 4th quarter valued at approximately $4,972,000. Wellington Management Group LLP acquired a new stake in shares of Xometry during the 4th quarter valued at approximately $21,165,000. Charles Schwab Investment Management Inc. lifted its position in shares of Xometry by 29.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock valued at $5,080,000 after acquiring an additional 67,443 shares during the period. Nicholas Investment Partners LP acquired a new stake in shares of Xometry during the 4th quarter valued at approximately $2,951,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Xometry during the 3rd quarter valued at approximately $332,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Stock Performance

Shares of XMTR stock opened at $11.56 on Friday. The stock’s 50-day moving average is $15.20 and its two-hundred day moving average is $22.49. The firm has a market cap of $533.19 million, a price-to-earnings ratio of -8.50 and a beta of 0.58. Xometry has a 1 year low of $11.19 and a 1 year high of $38.74. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.30 and a current ratio of 4.34.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. The firm had revenue of $122.69 million for the quarter, compared to analyst estimates of $119.00 million. Analysts predict that Xometry will post -0.99 earnings per share for the current year.

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.