Xometry (NASDAQ:XMTR) Trading 7.1% Higher – Should You Buy?

Shares of Xometry, Inc. (NASDAQ:XMTR) shot up 7.1% during trading on Friday . The company traded as high as $21.24 and last traded at $21.08. 174,559 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 588,792 shares. The stock had previously closed at $19.68.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cantor Fitzgerald decreased their price target on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. JMP Securities lifted their target price on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Xometry has an average rating of “Hold” and a consensus price target of $22.86.

Xometry Price Performance

The stock’s 50 day moving average is $19.00 and its two-hundred day moving average is $16.43. The stock has a market capitalization of $1.11 billion, a PE ratio of -20.62 and a beta of 0.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64.

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

Insider Buying and Selling at Xometry

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the transaction, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at $1,529,837.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its stake in Xometry by 22.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after purchasing an additional 2,140 shares during the period. Vanguard Group Inc. raised its stake in Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after acquiring an additional 76,976 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Xometry in the 1st quarter valued at approximately $169,000. Clearbridge Investments LLC increased its holdings in shares of Xometry by 20.7% in the first 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, Sylebra Capital LLC raised its stake in shares of Xometry by 1,005.3% during the first quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock worth $10,882,000 after purchasing an additional 585,971 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.