Xometry (NASDAQ:XMTR) Trading 5.7% Higher – What’s Next?

Xometry, Inc. (NASDAQ:XMTR) shares shot up 5.7% on Wednesday . The stock traded as high as $20.41 and last traded at $20.31. 171,365 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 596,678 shares. The stock had previously closed at $19.21.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XMTR. JMP Securities boosted their target price on shares of Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Friday. Cantor Fitzgerald dropped their target price on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.86.

Xometry Trading Up 2.9 %

The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average is $18.52 and its two-hundred day moving average is $16.22. The firm has a market cap of $1.03 billion, a P/E ratio of -19.11 and a beta of 0.57.

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

Insider Buying and Selling at Xometry

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Xometry in the 2nd quarter worth approximately $38,000. ProShare Advisors LLC acquired a new stake in shares of Xometry in the 2nd quarter worth approximately $53,000. Point72 Asset Management L.P. acquired a new stake in shares of Xometry in the 2nd quarter worth approximately $55,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Xometry in the 2nd quarter worth approximately $129,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Xometry in the 3rd quarter worth approximately $153,000. 97.31% of the stock is owned by institutional investors and hedge funds.

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.