Xometry (NASDAQ:XMTR) Trading 7.9% Higher

Xometry, Inc. (NASDAQ:XMTR) shot up 7.9% during mid-day trading on Tuesday . The company traded as high as $17.46 and last traded at $17.43. 137,422 shares traded hands during trading, a decline of 79% from the average session volume of 652,204 shares. The stock had previously closed at $16.15.

Analysts Set New Price Targets

XMTR has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. TheStreet cut shares of Xometry from a “c-” rating to a “d” rating in a research report on Thursday, February 29th. JMP Securities restated a “market outperform” rating and issued a $30.00 price objective on shares of Xometry in a research report on Tuesday. Royal Bank of Canada decreased their price objective on shares of Xometry from $38.00 to $23.00 and set a “sector perform” rating on the stock in a research report on Friday, March 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of Xometry from $46.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Xometry has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Xometry Price Performance

The company has a quick ratio of 4.25, a current ratio of 4.28 and a debt-to-equity ratio of 0.85. The firm’s 50-day moving average is $20.55 and its 200-day moving average is $23.80. The company has a market cap of $839.46 million, a PE ratio of -12.32 and a beta of 0.71.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. The company had revenue of $128.15 million for the quarter, compared to analysts’ expectations of $127.78 million. On average, equities analysts anticipate that Xometry, Inc. will post -0.64 EPS for the current year.

Insider Buying and Selling

In related news, CFO James M. Rallo sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $30.85, for a total transaction of $154,250.00. Following the sale, the chief financial officer now owns 44,381 shares of the company’s stock, valued at $1,369,153.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Peter Goguen sold 3,943 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the transaction, the chief operating officer now owns 197,211 shares in the company, valued at $3,472,885.71. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James M. Rallo sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total transaction of $154,250.00. Following the completion of the transaction, the chief financial officer now owns 44,381 shares in the company, valued at approximately $1,369,153.85. The disclosure for this sale can be found here. Insiders have sold 11,243 shares of company stock valued at $279,642 over the last quarter. Corporate insiders own 19.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XMTR. SG Americas Securities LLC bought a new position in shares of Xometry in the third quarter worth approximately $560,000. Bank of New York Mellon Corp lifted its position in Xometry by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 152,545 shares of the company’s stock valued at $2,590,000 after purchasing an additional 10,913 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in Xometry during the third quarter valued at approximately $180,000. Swiss National Bank lifted its position in Xometry by 1.1% during the third quarter. Swiss National Bank now owns 84,400 shares of the company’s stock valued at $1,433,000 after purchasing an additional 900 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Xometry by 29.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock valued at $5,080,000 after purchasing an additional 67,443 shares during the period. Institutional investors own 97.31% of the company’s stock.

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.