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

Xometry, Inc. (NASDAQ:XMTR) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, 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 1-year target price among brokers that have updated their coverage on the stock in the last year is $22.86.

Several research firms have recently issued reports on XMTR. Cantor Fitzgerald reduced their target price on Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. JMP Securities boosted their target price on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th.

Insider Activity at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after acquiring an additional 76,976 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Xometry by 20.7% in the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after acquiring an additional 217,939 shares in the last quarter. ARK Investment Management LLC boosted its holdings in Xometry by 74.9% in the second quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock worth $3,063,000 after acquiring an additional 113,478 shares in the last quarter. Sylebra Capital LLC boosted its holdings in Xometry by 134.2% in the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after acquiring an additional 864,454 shares in the last quarter. Finally, Primecap Management Co. CA boosted its holdings in Xometry by 1.4% in the second quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock worth $78,666,000 after acquiring an additional 93,350 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Price Performance

Shares of Xometry stock opened at $19.68 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.64 and a quick ratio of 4.60. The business’s 50 day simple moving average is $18.95 and its two-hundred day simple moving average is $16.39. The stock has a market capitalization of $970.16 million, a P/E ratio of -18.06 and a beta of 0.57. Xometry has a one year low of $11.08 and a one year high of $38.74.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.13. The business 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.55) EPS. Analysts forecast that Xometry will post -0.81 EPS for the current year.

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.