Insider Selling: Xometry (NASDAQ:XMTR) Director Sells 1,800 Shares of Stock

Xometry, Inc. (NASDAQ:XMTR) Director Fabio Rosati sold 1,800 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $120.52, for a total value of $216,936.00. Following the transaction, the director directly owned 89,867 shares in the company, valued at approximately $10,830,770.84. This represents a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Xometry Trading Down 1.1%

Shares of NASDAQ XMTR traded down $1.28 during midday trading on Tuesday, hitting $119.31. The company’s stock had a trading volume of 1,538,371 shares, compared to its average volume of 887,125. The company has a current ratio of 3.15, a quick ratio of 3.20 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $98.74 and its two-hundred day moving average is $77.52. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $123.39. The firm has a market cap of $6.18 billion, a P/E ratio of -350.90 and a beta of 1.33.

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

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently added to or reduced their stakes in the stock. Odyssean LLC purchased a new position in Xometry in the second quarter valued at about $1,464,000. Zevenbergen Capital Investments LLC raised its holdings in Xometry by 115.1% in the third 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 in the last quarter. Quantinno Capital Management LP lifted 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 last quarter. Sylebra Capital LLC lifted its position 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. Finally, Empowered Funds LLC purchased a new stake in shares of Xometry during the first quarter valued at about $1,150,000. Institutional investors own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

XMTR has been the subject of several research analyst reports. UBS Group lifted 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. Citigroup boosted their target price on shares of Xometry from $110.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Wedbush upped their price target on shares of Xometry from $126.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. The Goldman Sachs Group raised their price target on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised shares of Xometry from a “hold” rating to a “strong-buy” rating in a research note on Friday. One 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.64.

Xometry Company Profile

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.