Xometry (NASDAQ:XMTR) CFO James Miln Sells 1,500 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 1,500 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $96.90, for a total value of $145,350.00. Following the completion of the sale, the chief financial officer owned 183,023 shares of the company’s stock, valued at approximately $17,734,928.70. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

James Miln also recently made the following trade(s):

• On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $79.69, for a total transaction of $119,535.00.

Xometry Stock Down 3.2%

Shares of NASDAQ:XMTR opened at $82.25 on Thursday. The firm has a market capitalization of $4.26 billion, a PE ratio of -80.64 and a beta of 1.27. The business has a 50 day simple moving average of $62.11 and a two-hundred day simple moving average of $58.53. Xometry, Inc. has a 1 year low of $29.60 and a 1 year high of $99.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The firm had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities analysts predict that Xometry, Inc. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

XMTR has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Citigroup raised their target price on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. William Blair reaffirmed an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Finally, UBS Group lifted their price target on shares of Xometry from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.00.

Hedge Funds Weigh In On Xometry

Several institutional investors and hedge funds have recently bought and sold shares of XMTR. Ameriprise Financial Inc. lifted its holdings in shares of Xometry by 54.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares during the last quarter. First Trust Advisors LP increased its position in Xometry by 9.2% during the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after buying an additional 132,792 shares in the last quarter. Baillie Gifford & Co. increased its position in Xometry by 1.6% during the 4th quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock valued at $77,677,000 after buying an additional 20,901 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Xometry in the fourth quarter valued at about $76,393,000. Finally, State Street Corp raised its stake in Xometry by 1.2% in the fourth quarter. State Street Corp now owns 978,540 shares of the company’s stock valued at $58,194,000 after buying an additional 11,272 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Company Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.