Xometry (NASDAQ:XMTR) Shares Down 4.9%

Xometry, Inc. (NASDAQ:XMTR) dropped 4.9% during trading on Friday . The stock traded as low as $11.95 and last traded at $12.00. Approximately 161,320 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 647,051 shares. The stock had previously closed at $12.62.

Wall Street Analysts Forecast Growth

XMTR has been the topic of several analyst reports. Craig Hallum decreased their target price on shares of Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 target price on shares of Xometry in a research note on Tuesday, April 23rd. UBS Group decreased their target price on shares of Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Citigroup decreased their target price on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, May 28th. Finally, Cantor Fitzgerald initiated coverage on shares of Xometry in a research note on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.71.

Xometry Trading Down 8.4 %

The firm’s fifty day moving average is $15.20 and its two-hundred day moving average is $22.48. The company has a quick ratio of 4.30, a current ratio of 4.34 and a debt-to-equity ratio of 0.88.

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

Insider Activity

In other Xometry news, insider Subir Dutt bought 10,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of $15.55 per share, for a total transaction of $155,500.00. Following the acquisition, the insider now owns 46,864 shares in the company, valued at approximately $728,735.20. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 2,286 shares of company stock worth $35,940. Corporate insiders own 19.23% of the company’s stock.

Institutional Trading of Xometry

A number of hedge funds have recently modified their holdings of the business. Lisanti Capital Growth LLC bought a new position in Xometry in the 4th quarter worth about $4,972,000. Wellington Management Group LLP bought a new position in Xometry in the 4th quarter worth about $21,165,000. Charles Schwab Investment Management Inc. boosted its stake in Xometry by 29.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock worth $5,080,000 after purchasing an additional 67,443 shares in the last quarter. Nicholas Investment Partners LP bought a new position in Xometry in the 4th quarter worth about $2,951,000. Finally, Graham Capital Management L.P. bought a new position in Xometry in the 3rd quarter worth about $332,000. Institutional investors own 97.31% of the company’s stock.

About Xometry

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.