Shares of Xometry, Inc. (NASDAQ:XMTR - Get Free Report) have been assigned an average rating of "Hold" from the seven analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $22.71.
XMTR has been the topic of a number of analyst reports. Cantor Fitzgerald started coverage on shares of Xometry in a research report on Wednesday, June 5th. They issued an "underweight" rating and a $13.00 price target on the stock. The Goldman Sachs Group decreased their price target on shares of Xometry from $46.00 to $28.00 and set a "buy" rating for the company in a report on Friday, March 1st. Royal Bank of Canada lowered their price objective on shares of Xometry from $38.00 to $23.00 and set a "sector perform" rating for the company in a research report on Friday, March 1st. Craig Hallum reduced their target price on Xometry from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, May 10th. Finally, JMP Securities restated a "market outperform" rating and issued a $30.00 price target on shares of Xometry in a report on Tuesday, April 23rd.
Check Out Our Latest Report on Xometry
Xometry Trading Down 8.4 %
XMTR traded down $1.06 during trading on Friday, reaching $11.56. 2,757,020 shares of the company's stock were exchanged, compared to its average volume of 534,294. The company's fifty day moving average price is $15.20 and its 200-day moving average price is $22.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.30 and a current ratio of 4.34. The firm has a market capitalization of $533.15 million, a PE ratio of -8.50 and a beta of 0.58. Xometry has a fifty-two week low of $11.19 and a fifty-two week high of $38.74.
Xometry (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.02. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. The business had revenue of $122.69 million during the quarter, compared to analysts' expectations of $119.00 million. As a group, equities analysts forecast that Xometry will post -0.99 EPS for the current year.
Insiders Place Their Bets
In other news, insider Subir Dutt purchased 10,000 shares of the business's stock in a transaction dated Thursday, May 30th. The shares were bought at an average cost of $15.55 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the insider now directly owns 46,864 shares in the company, valued at approximately $728,735.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 2,286 shares of company stock worth $35,940. Corporate insiders own 19.23% of the company's stock.
Institutional Trading of Xometry
A number of institutional investors have recently made changes to their positions in XMTR. Quest Partners LLC bought a new position in Xometry in the fourth quarter valued at $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Xometry by 13.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company's stock valued at $266,000 after acquiring an additional 894 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Xometry by 50,118.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company's stock valued at $289,000 after acquiring an additional 8,019 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Xometry in the first quarter valued at about $169,000. Finally, Natixis Advisors L.P. bought a new stake in Xometry during the fourth quarter worth about $361,000. Institutional investors own 97.31% of the company's stock.
Xometry Company Profile
(Get Free Report
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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