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

Xometry, Inc. (NASDAQ:XMTR) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.29.

Several analysts recently weighed in on the company. Citigroup reduced their price objective on Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, May 28th. Craig Hallum cut their price target on Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Cantor Fitzgerald started coverage on Xometry in a research note on Wednesday, June 5th. They set an “underweight” rating and a $13.00 price target on the stock. Finally, JMP Securities reissued a “market outperform” rating and set a $27.00 price target on shares of Xometry in a research note on Tuesday, July 23rd.

Xometry Stock Up 0.7 %

XMTR opened at $15.20 on Wednesday. Xometry has a 1-year low of $11.08 and a 1-year high of $38.74. The stock’s fifty day simple moving average is $13.85 and its 200 day simple moving average is $19.64. The company has a current ratio of 4.34, a quick ratio of 4.30 and a debt-to-equity ratio of 0.88. The stock has a market cap of $701.02 million, a PE ratio of -11.18 and a beta of 0.52.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The business had revenue of $122.69 million for the quarter, compared to analysts’ expectations of $119.00 million. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. As a group, research analysts expect that Xometry will post -0.99 earnings per share for the current year.

Insider Buying and Selling

In other Xometry news, insider Subir Dutt bought 10,000 shares of the stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of $15.55 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the insider now owns 46,864 shares in the company, valued at approximately $728,735.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,286 shares of company stock valued at $27,662 over the last ninety days. 19.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Xometry

Hedge funds and other institutional investors have recently modified their holdings of the company. Quest Partners LLC purchased a new position in Xometry in the fourth quarter worth $125,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Xometry during the 1st quarter valued at about $169,000. State Board of Administration of Florida Retirement System increased its position in shares of Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after purchasing an additional 2,140 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Xometry by 13.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock valued at $266,000 after purchasing an additional 894 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Xometry by 50,118.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock valued at $289,000 after purchasing an additional 8,019 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

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.