Xometry (NASDAQ:XMTR) CFO James Miln Sells 4,000 Shares of Company Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 4,000 shares of the business’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $113.81, for a total value of $455,240.00. Following the completion of the sale, the chief financial officer directly owned 173,631 shares in the company, valued at $19,760,944.11. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Xometry Stock Down 1.1%

NASDAQ XMTR traded down $1.28 during mid-day trading on Tuesday, reaching $119.31. The stock had a trading volume of 1,538,371 shares, compared to its average volume of 887,125. The stock has a market cap of $6.18 billion, a PE ratio of -350.90 and a beta of 1.33. Xometry, Inc. has a 1 year low of $35.86 and a 1 year high of $123.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.15 and a quick ratio of 3.20. The company has a fifty day moving average price of $98.74 and a 200 day moving average price of $77.52.

Xometry (NASDAQ:XMTR) last issued its earnings results on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $252.44 million for the quarter, compared to the consensus estimate of $235.54 million. Xometry had a positive return on equity of 0.18% and a negative net margin of 1.97%. The company’s revenue was up 39.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. On average, research analysts expect that Xometry, Inc. will post 0.03 earnings per share for the current year.

Hedge Funds Weigh In On Xometry

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its position in Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after acquiring an additional 280,491 shares during the last quarter. Stephens Investment Management Group LLC increased its position in shares of Xometry by 0.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 804,719 shares of the company’s stock valued at $82,765,000 after purchasing an additional 5,539 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after purchasing an additional 492,285 shares during the last quarter. Sylebra Capital LLC increased its position in shares of Xometry by 31.3% during the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after purchasing an additional 127,637 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC lifted its stake in shares of Xometry by 115.1% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after purchasing an additional 159,227 shares during the period. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on XMTR. Wedbush increased their price objective on Xometry from $126.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. UBS Group boosted their target price on Xometry from $95.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Royal Bank Of Canada upped their target price on shares of Xometry from $100.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. Finally, Citigroup lifted their price target on shares of Xometry from $110.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.64.

About Xometry

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.