Lukas Alexander Biewald Purchases 47,058 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) Director Lukas Alexander Biewald purchased 47,058 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average price of $85.00 per share, with a total value of $3,999,930.00. Following the purchase, the director owned 55,134 shares in the company, valued at $4,686,390. This trade represents a 582.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Xometry Stock Down 2.5%

Shares of NASDAQ:XMTR opened at $80.66 on Friday. The stock has a market cap of $4.18 billion, a P/E ratio of -79.08 and a beta of 1.27. The firm has a fifty day moving average price of $63.72 and a 200 day moving average price of $58.84. 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, Inc. has a 1-year low of $29.60 and a 1-year high of $99.86.

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 analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. Xometry’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. Sell-side analysts predict that Xometry, Inc. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a research note on Thursday, April 30th. Wedbush cut their price objective on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $78.00 price objective on shares of Xometry in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $76.00.

Hedge Funds Weigh In On Xometry

Large investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new position in Xometry during the 4th quarter worth $28,000. Quantbot Technologies LP purchased a new position in shares of Xometry in the 3rd quarter valued at about $30,000. GAMMA Investing LLC increased its holdings in shares of Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Xometry in the 4th quarter valued at about $59,000. Finally, Comerica Bank increased its holdings in shares of Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Xometry

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.