Shares of Xometry, Inc. (NASDAQ:XMTR – Get Free Report) 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.
Get Our Latest Stock Analysis on Xometry
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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 – Get Free Report) 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.
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