Cantor Fitzgerald Reiterates “Underweight” Rating for Xometry (NASDAQ:XMTR)

Cantor Fitzgerald reiterated their underweight rating on shares of Xometry (NASDAQ:XMTR) in a research note released on Wednesday,Benzinga reports. They currently have a $12.00 price objective on the stock.

Several other research firms have also commented on XMTR. Craig Hallum raised their target price on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. JMP Securities increased their price target on shares of Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Xometry has a consensus rating of “Hold” and a consensus price target of $26.29.

Xometry Price Performance

Xometry stock opened at $30.59 on Wednesday. The firm has a market cap of $1.51 billion, a PE ratio of -29.13 and a beta of 0.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.60. The stock’s fifty day moving average price is $19.77 and its two-hundred day moving average price is $16.84. Xometry has a one year low of $11.08 and a one year high of $38.74.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.13. The company had revenue of $132.60 million for the quarter, compared to analyst estimates of $128.65 million. Xometry had a negative return on equity of 10.16% and a negative net margin of 9.72%. Xometry’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.55) EPS. As a group, research analysts expect that Xometry will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling at Xometry

In other news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction on Friday, September 13th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sylebra Capital LLC grew its holdings in shares of Xometry by 134.2% during the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after purchasing an additional 864,454 shares during the last quarter. Bellecapital International Ltd. bought a new stake in Xometry during the 2nd quarter worth approximately $6,281,000. Clearbridge Investments LLC grew its holdings in Xometry by 20.7% during the 1st 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 during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Xometry during the second quarter valued at $2,013,000. Finally, Squarepoint Ops LLC raised its stake in shares of Xometry by 227.7% during the second quarter. Squarepoint Ops LLC now owns 249,025 shares of the company’s stock valued at $2,879,000 after acquiring an additional 173,042 shares during the last quarter. 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.