Xometry (NASDAQ:XMTR) Stock Price Up 7.9%

Xometry, Inc. (NASDAQ:XMTR)’s share price traded up 7.9% during trading on Tuesday . The company traded as high as $17.46 and last traded at $17.43. 137,422 shares were traded 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

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

Xometry Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.85, a current ratio of 4.28 and a quick ratio of 4.25. The business’s 50-day simple moving average is $19.65 and its two-hundred day simple moving average is $23.71. The stock has a market capitalization of $821.97 million, a price-to-earnings ratio of -12.09 and a beta of 0.71.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, February 29th. The company reported ($0.13) earnings per share 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 business had revenue of $128.15 million for the quarter, compared to analyst estimates of $127.78 million. On average, research analysts anticipate that Xometry, Inc. will post -0.64 earnings per share for the current fiscal year.

Insider Activity at Xometry

In related news, Director Emily Rollins sold 1,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $32.39, for a total transaction of $32,390.00. Following the completion of the sale, the director now directly owns 10,770 shares of the company’s stock, valued at approximately $348,840.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Xometry news, Director Emily Rollins sold 1,000 shares of Xometry stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $32.39, for a total transaction of $32,390.00. Following the sale, the director now directly owns 10,770 shares in the company, valued at approximately $348,840.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James M. Rallo sold 5,000 shares of Xometry stock in a transaction 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 sale, the chief financial officer now owns 44,381 shares of the company’s stock, valued at approximately $1,369,153.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,243 shares of company stock worth $279,642. 19.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Primecap Management Co. CA raised its holdings in shares of Xometry by 0.3% during the fourth quarter. Primecap Management Co. CA now owns 6,652,858 shares of the company’s stock worth $238,904,000 after purchasing an additional 21,647 shares during the period. Vanguard Group Inc. lifted its holdings in Xometry by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,800,370 shares of the company’s stock worth $136,471,000 after acquiring an additional 26,718 shares during the last quarter. Fred Alger Management LLC boosted its stake in Xometry by 47.5% in the third quarter. Fred Alger Management LLC now owns 2,584,913 shares of the company’s stock valued at $43,892,000 after acquiring an additional 832,005 shares during the period. New York State Common Retirement Fund boosted its stake in Xometry by 9.4% in the fourth quarter. New York State Common Retirement Fund now owns 1,093,862 shares of the company’s stock valued at $39,281,000 after acquiring an additional 94,436 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of Xometry during the fourth quarter valued at approximately $21,165,000. 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.