Xometry (NASDAQ:XMTR) Price Target Raised to $30.00 at Craig Hallum

Xometry (NASDAQ:XMTR) had its target price increased by stock analysts at Craig Hallum from $20.00 to $30.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s target price would suggest a potential downside of 1.96% from the stock’s current price.

A number of other research firms have also recently commented on XMTR. JMP Securities raised their price target on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Cantor Fitzgerald cut their target price on Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.29.

Xometry Price Performance

NASDAQ XMTR opened at $30.60 on Wednesday. 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 12 month low of $11.08 and a 12 month high of $38.74. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -28.39 and a beta of 0.55. The company’s 50 day moving average is $19.35 and its two-hundred day moving average is $16.65.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.13. The firm had revenue of $132.60 million for the quarter, compared to the consensus estimate of $128.65 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned ($0.55) EPS. As a group, research analysts anticipate that Xometry will post -0.81 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Matthew Leibel sold 3,400 shares of the 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 completion of the transaction, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently bought and sold shares of the business. Primecap Management Co. CA increased its holdings in shares of Xometry by 1.4% in the 2nd quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock worth $78,666,000 after buying an additional 93,350 shares during the last quarter. Vanguard Group Inc. raised its position in Xometry by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after purchasing an additional 76,976 shares during the period. Sylebra Capital LLC lifted its stake in shares of Xometry by 134.2% in 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 last quarter. Clearbridge Investments LLC boosted its holdings in shares of Xometry by 20.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after purchasing an additional 217,939 shares during the period. Finally, Bellecapital International Ltd. bought a new position in shares of Xometry during the 2nd quarter valued at approximately $6,281,000. Institutional investors own 97.31% of the company’s stock.

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.