Xometry (NASDAQ:XMTR) Stock Rating Reaffirmed by JMP Securities

JMP Securities reissued their market outperform rating on shares of Xometry (NASDAQ:XMTR) in a research report report published on Tuesday, Benzinga reports. JMP Securities currently has a $30.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Xometry from $38.00 to $23.00 and set a sector perform rating for the company in a research note on Friday, March 1st. TheStreet downgraded Xometry from a c- rating to a d rating in a report on Thursday, February 29th. The Goldman Sachs Group cut their price target on Xometry from $46.00 to $28.00 and set a buy rating for the company in a report on Friday, March 1st. Finally, UBS Group cut their price target on Xometry from $22.00 to $21.00 and set a neutral rating for the company in a report on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $26.67.

Xometry Price Performance

NASDAQ:XMTR opened at $17.53 on Tuesday. Xometry has a 1-year low of $12.45 and a 1-year high of $38.74. The company has a current ratio of 4.28, a quick ratio of 4.25 and a debt-to-equity ratio of 0.85. The firm has a fifty day simple moving average of $19.36 and a 200 day simple moving average of $23.71. The stock has a market capitalization of $851.61 million, a PE ratio of -12.52 and a beta of 0.71.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, February 29th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. The firm had revenue of $128.15 million during the quarter, compared to the consensus estimate of $127.78 million. On average, research analysts expect that Xometry will post -0.64 EPS for the current fiscal year.

Insider Transactions at Xometry

In related news, COO Peter Goguen sold 3,943 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the transaction, the chief operating officer now owns 197,211 shares of the company’s stock, valued at $3,472,885.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO James M. Rallo sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total value of $154,250.00. Following the completion of the transaction, the chief financial officer now owns 44,381 shares of the company’s stock, valued at $1,369,153.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Peter Goguen sold 3,943 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the transaction, the chief operating officer now directly owns 197,211 shares of the company’s stock, valued at approximately $3,472,885.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,243 shares of company stock valued at $247,252. 19.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC bought a new position in Xometry in the fourth quarter valued at about $125,000. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Xometry during the third quarter worth about $180,000. Dark Forest Capital Management LP bought a new stake in shares of Xometry during the third quarter worth about $220,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Xometry by 13.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after purchasing an additional 894 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Xometry by 50,118.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock worth $289,000 after purchasing an additional 8,019 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.