Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Rating of “Moderate Buy” from Analysts

Xometry, Inc. (NASDAQ:XMTR) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $113.18.

XMTR has been the topic of a number of research reports. Rosenblatt Securities boosted their target price on shares of Xometry from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Citizens Jmp reiterated a “market outperform” rating and issued a $120.00 price target on shares of Xometry in a research report on Monday, September 21st. JPMorgan Chase & Co. assumed coverage on Xometry in a research note on Monday, August 24th. They set an “overweight” rating and a $120.00 price objective on the stock. UBS Group upped their price objective on Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Raymond James Financial set a $120.00 price objective on Xometry in a research note on Tuesday, September 22nd.

Insider Activity

In related news, Director Fabio Rosati sold 8,100 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $91.45, for a total transaction of $740,745.00. Following the sale, the director owned 93,567 shares in the company, valued at approximately $8,556,702.15. This represents a 7.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Emily Rollins sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total value of $421,550.00. Following the completion of the sale, the director owned 15,136 shares of the company’s stock, valued at approximately $1,276,116.16. This represents a 24.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 63,199 shares of company stock worth $6,006,535. Company insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Xometry

Institutional investors have recently made changes to their positions in the company. Odyssean LLC bought a new stake in Xometry in the second quarter worth about $1,464,000. Quantinno Capital Management LP boosted its position in shares of Xometry by 759.5% during the first quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock valued at $1,335,000 after buying an additional 28,890 shares during the period. Sylebra Capital LLC grew its stake in shares of Xometry by 31.3% during the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after buying an additional 127,637 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Xometry during the first quarter valued at approximately $1,150,000. Finally, Polen Capital Management LLC raised its holdings in shares of Xometry by 169.3% in the fourth quarter. Polen Capital Management LLC now owns 22,321 shares of the company’s stock worth $1,327,000 after buying an additional 14,031 shares during the period. Institutional investors own 97.31% of the company’s stock.

Xometry Stock Up 2.7%

Shares of XMTR opened at $110.66 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of -184.43 and a beta of 1.23. Xometry has a 1 year low of $35.86 and a 1 year high of $112.94. The business’s 50 day simple moving average is $93.01 and its 200-day simple moving average is $80.55.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. Xometry’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. As a group, equities analysts expect that Xometry will post -0.01 earnings per share for the current fiscal year.

Xometry Company Profile

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.