Xometry (NASDAQ:XMTR) Stock Rating Reaffirmed by JMP Securities

JMP Securities reissued their market outperform rating on shares of Xometry (NASDAQ:XMTR) in a research report released on Tuesday morning, Benzinga reports. JMP Securities currently has a $30.00 price target on the stock.

A number of other research firms have also issued reports on XMTR. The Goldman Sachs Group reduced their price target on shares of Xometry from $46.00 to $28.00 and set a buy rating for the company in a research report on Friday, March 1st. UBS Group reduced their price target on shares of Xometry from $22.00 to $21.00 and set a neutral rating for the company in a research report on Wednesday, March 13th. Royal Bank of Canada reduced their price target on shares of Xometry from $38.00 to $23.00 and set a sector perform rating for the company in a research report on Friday, March 1st. Finally, TheStreet lowered shares of Xometry from a c- rating to a d rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $26.67.

Xometry Stock Performance

Shares of XMTR opened at $16.92 on Tuesday. Xometry has a one year low of $12.45 and a one year high of $38.74. The company has a 50-day moving average of $19.65 and a two-hundred day moving average of $23.71. The stock has a market cap of $821.97 million, a price-to-earnings ratio of -12.09 and a beta of 0.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.28 and a quick ratio of 4.25.

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

Insider Activity at Xometry

In other news, CFO James M. Rallo sold 5,000 shares of Xometry stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $30.85, for a total value of $154,250.00. Following the transaction, 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 SEC, which is available at the SEC website. In other news, CFO James M. Rallo sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $30.85, for a total value of $154,250.00. Following the sale, the chief financial officer now owns 44,381 shares in the company, valued at $1,369,153.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Peter Goguen sold 3,943 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total transaction of $69,436.23. Following the completion of the sale, the chief operating officer now owns 197,211 shares in the company, valued at approximately $3,472,885.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,243 shares of company stock valued at $247,252. 19.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in Xometry during the fourth quarter worth $125,000. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Xometry during the third quarter worth $180,000. Dark Forest Capital Management LP acquired a new stake in Xometry during the third quarter worth $220,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Xometry by 13.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after buying an additional 894 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Xometry by 50,118.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock worth $289,000 after buying an additional 8,019 shares in the last quarter. Institutional investors and hedge funds 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.