Xometry's (XMTR) "Market Outperform" Rating Reaffirmed at Citizens Jmp

Key Points

• Citizens JMP reaffirmed its “Market Outperform” rating on Xometry and set a $120 price target, implying 23.48% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average target price of $111.50, despite one “Sell” rating.
• Xometry reported stronger-than-expected quarterly results, including $0.16 EPS versus $0.15 expected and $229.28 million in revenue, up 41.1% year over year; however, insiders sold $5.24 million of stock over the past 90 days.

Xometry (NASDAQ:XMTR - Get Free Report)'s stock had its "market outperform" rating reaffirmed by equities research analysts at Citizens Jmp in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $120.00 target price on the stock. Citizens Jmp's target price suggests a potential upside of 23.48% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada upped their price objective on Xometry from $85.00 to $100.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. UBS Group boosted their target price on shares of Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Citigroup reiterated a "market outperform" rating on shares of Xometry in a research note on Monday. Cantor Fitzgerald upped their price objective on Xometry from $85.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Xometry in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $111.50.

Xometry Price Performance

Xometry stock opened at $97.18 on Monday. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. Xometry has a 1-year low of $35.86 and a 1-year high of $106.08. The company has a fifty day simple moving average of $90.81 and a 200 day simple moving average of $75.25. The company has a market cap of $5.04 billion, a P/E ratio of -161.96 and a beta of 1.32.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. The company had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company's quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. Research analysts anticipate that Xometry will post -0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Xometry news, Director Katharine Weymouth sold 5,000 shares of Xometry stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $95.23, for a total value of $476,150.00. Following the transaction, the director owned 35,345 shares in the company, valued at $3,365,904.35. The trade was a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Emily Rollins sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $84.31, for a total transaction of $421,550.00. Following the completion of the sale, the director owned 15,136 shares in the company, valued at approximately $1,276,116.16. The trade was a 24.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,053 shares of company stock valued at $5,244,213 over the last ninety days. 9.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently added to or reduced their stakes in XMTR. Rockefeller Capital Management L.P. lifted its holdings in Xometry by 9.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company's stock valued at $194,000 after buying an additional 290 shares during the period. Corient Private Wealth LP boosted its stake in Xometry by 1.6% during the second quarter. Corient Private Wealth LP now owns 23,196 shares of the company's stock worth $2,239,000 after acquiring an additional 360 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Xometry in the second quarter valued at $36,000. ProShare Advisors LLC raised its holdings in shares of Xometry by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 7,948 shares of the company's stock valued at $473,000 after purchasing an additional 510 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Xometry by 74.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company's stock valued at $67,000 after purchasing an additional 697 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

About Xometry

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.

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