Analysts Set Xometry, Inc. (NASDAQ:XMTR) Target Price at $22.14

Shares of Xometry, Inc. (NASDAQ:XMTR) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. One investment 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. The average twelve-month target price among brokerages that have covered the stock in the last year is $22.14.

XMTR has been the topic of a number of recent analyst reports. Citigroup cut 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. Cantor Fitzgerald dropped their target price on Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Finally, JMP Securities reissued a “market outperform” rating and set a $27.00 target price on shares of Xometry in a report on Tuesday, July 23rd.

Insiders Place Their Bets

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the transaction, the chief technology officer now owns 82,918 shares in the company, valued at $1,529,837.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders have sold 5,686 shares of company stock worth $90,392. 19.23% of the stock is owned by insiders.

Institutional Trading of Xometry

Several large investors have recently added to or reduced their stakes in XMTR. Sylebra Capital LLC raised its stake in Xometry by 134.2% during the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after purchasing an additional 864,454 shares during the period. Wellington Management Group LLP acquired a new stake in Xometry during the 4th quarter valued at $21,165,000. Bellecapital International Ltd. acquired a new stake in Xometry during the 2nd quarter valued at $6,281,000. Clearbridge Investments LLC raised its stake in Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after purchasing an additional 217,939 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Xometry during the 2nd quarter valued at $2,013,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Stock Performance

XMTR opened at $18.81 on Thursday. The business’s 50 day moving average is $16.35 and its 200-day moving average is $16.12. The stock has a market cap of $927.33 million, a PE ratio of -13.83 and a beta of 0.58. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89. Xometry has a twelve month low of $11.08 and a twelve month high of $38.74.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. The company had revenue of $132.60 million for the quarter, compared to analysts’ expectations of $128.65 million. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.55) earnings per share. On average, analysts predict that Xometry will post -0.81 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.