Xometry (NASDAQ:XMTR) Sets New 52-Week High – Time to Buy?

Xometry, Inc. (NASDAQ:XMTR) shares hit a new 52-week high on Tuesday . The stock traded as high as $100.00 and last traded at $97.7950, with a volume of 1726 shares. The stock had previously closed at $96.67.

Wall Street Analyst Weigh In

XMTR has been the topic of several recent research reports. Royal Bank Of Canada boosted their price target on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Citigroup increased their price objective on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald upgraded 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price target on shares of Xometry in a report on Friday, May 8th. Finally, Citizens Jmp lifted their price objective on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Xometry currently has a consensus rating of “Hold” and a consensus price target of $76.00.

Xometry Price Performance

The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $89.59 and a two-hundred day simple moving average of $65.17. The company has a market cap of $5.11 billion, a PE ratio of -96.75 and a beta of 1.27.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share. On average, equities analysts predict that Xometry, Inc. will post -0.06 EPS for the current fiscal year.

Insider Activity at Xometry

In related news, Director Randolph Altschuler sold 5,722 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.30, for a total transaction of $533,862.60. Following the sale, the director owned 428,750 shares of the company’s stock, valued at approximately $40,002,375. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Subir Dutt sold 1,073 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.39, for a total transaction of $100,207.47. Following the completion of the transaction, the insider directly owned 93,716 shares of the company’s stock, valued at approximately $8,752,137.24. This trade represents a 1.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 80,496 shares of company stock worth $7,124,340. 9.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xometry

A number of institutional investors and hedge funds have recently modified their holdings of XMTR. Royal Bank of Canada boosted its position in Xometry by 5.0% during the first quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock worth $1,511,000 after purchasing an additional 2,899 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Xometry in the first quarter valued at $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Xometry by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock worth $649,000 after buying an additional 1,877 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock worth $11,281,000 after buying an additional 95,154 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Xometry by 476.1% in the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after buying an additional 197,013 shares in the last quarter. Institutional investors and hedge funds 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.