Xometry, Inc. (NASDAQ:XMTR) Given Average Recommendation of “Hold” by Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTR) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.14.

XMTR has been the subject of a number of analyst reports. JMP Securities reissued a “market outperform” rating and set a $27.00 price objective on shares of Xometry in a research report on Thursday, September 19th. Cantor Fitzgerald lowered their price objective on Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 9th.

Insider Activity at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xometry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its stake in Xometry by 0.8% in the second quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock valued at $2,474,000 after buying an additional 1,708 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Xometry by 22.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after buying an additional 2,140 shares during the last quarter. nVerses Capital LLC purchased a new stake in Xometry in the second quarter valued at approximately $38,000. Rhumbline Advisers lifted its stake in Xometry by 6.8% in the second quarter. Rhumbline Advisers now owns 58,002 shares of the company’s stock valued at $670,000 after buying an additional 3,690 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Xometry in the second quarter valued at approximately $53,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Stock Performance

NASDAQ XMTR opened at $17.96 on Monday. The company has a market cap of $828.39 million, a P/E ratio of -13.21 and a beta of 0.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.64 and a quick ratio of 4.60. The stock has a 50-day moving average of $17.97 and a two-hundred day moving average of $16.14. Xometry has a 1-year low of $11.08 and a 1-year high of $38.74.

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

Xometry Company Profile

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.