Randolph Altschuler Sells 10,000 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) Director Randolph Altschuler sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $90.82, for a total value of $908,200.00. Following the transaction, the director owned 551,270 shares in the company, valued at approximately $50,066,341.40. This trade represents a 1.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Randolph Altschuler also recently made the following trade(s):

• On Thursday, July 2nd, Randolph Altschuler sold 5,722 shares of Xometry stock. The shares were sold at an average price of $93.30, for a total value of $533,862.60.

Xometry Stock Down 0.5%

Xometry stock opened at $92.53 on Friday. The company’s 50 day simple moving average is $91.55 and its 200 day simple moving average is $72.32. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of -154.21 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

Xometry (NASDAQ:XMTR) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Xometry, Inc. will post -0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XMTR. UBS Group boosted their target price on Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Citizens Jmp lifted their price objective on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. Finally, Rosenblatt Securities began coverage on shares of Xometry in a report on Thursday, August 20th. They set a “buy” rating and a $110.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.33.

Institutional Trading of Xometry

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of 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 buying an additional 2,899 shares during the period. AQR Capital Management LLC acquired a new position in Xometry during the 1st quarter worth approximately $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 acquiring an additional 1,877 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Xometry by 26.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock worth $11,281,000 after acquiring an additional 95,154 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Xometry by 476.1% in the second quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock valued at $8,055,000 after purchasing an additional 197,013 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

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.