Xometry, Inc. (NASDAQ:XMTR) Receives $22.14 Consensus Price Target from Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTR) have received a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $22.14.

A number of brokerages have issued reports on XMTR. Cantor Fitzgerald cut their price objective on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 9th. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price objective on shares of Xometry in a report on Thursday, September 19th.

Xometry Price Performance

NASDAQ XMTR opened at $17.96 on Monday. Xometry has a 12 month low of $11.08 and a 12 month high of $38.74. The stock has a market cap of $885.43 million, a price-to-earnings ratio of -16.48 and a beta of 0.57. The company’s 50 day moving average is $17.97 and its two-hundred day moving average is $16.13. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The business had revenue of $132.60 million during the quarter, compared to analyst estimates of $128.65 million. During the same period last year, the firm posted ($0.55) EPS. The company’s revenue was up 19.5% on a year-over-year basis. As a group, research analysts anticipate that Xometry will post -0.81 earnings per share for the current year.

Insider Activity at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the sale, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at $1,529,837.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.79% of the stock is currently owned by insiders.

Institutional Trading of Xometry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in Xometry by 0.8% in the 2nd quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock worth $2,474,000 after purchasing an additional 1,708 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Xometry by 22.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares in the last quarter. nVerses Capital LLC bought a new position in Xometry in the 2nd quarter worth about $38,000. Rhumbline Advisers grew its stake in Xometry by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 58,002 shares of the company’s stock worth $670,000 after acquiring an additional 3,690 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in Xometry in the 2nd quarter worth about $53,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.