Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Xometry received a “Moderate Buy” consensus rating from 12 analysts, with six buys, one strong buy, four holds and one sell. The average 12-month price target is $108.33, with recent targets ranging from $100 to $126.
• Xometry’s latest quarterly results exceeded expectations, with EPS of $0.16 versus the $0.15 consensus estimate and revenue of $229.28 million, up 41.1% year over year. Analysts nevertheless expect a slight full-year loss of $0.01 per share.
• The stock opened at $92.53, compared with a 52-week range of $35.86 to $106.08, while institutional investors own 97.31% of outstanding shares. Insiders sold 55,553 shares worth approximately $5.12 million during the last quarter.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $108.3333.

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Xometry in a report on Wednesday, August 26th. JPMorgan Chase & Co. initiated coverage on Xometry in a report on Monday, August 24th. They set an "overweight" rating and a $120.00 target price on the stock. Wedbush started coverage on Xometry in a research report on Thursday, July 16th. They issued an "outperform" rating and a $126.00 price target for the company. Royal Bank Of Canada upped their price target on Xometry from $85.00 to $100.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald upped their price target on Xometry from $85.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th.

Xometry Price Performance

Shares of XMTR opened at $92.53 on Monday. The firm has a market cap of $4.79 billion, a PE ratio of -154.21 and a beta of 1.32. The firm's 50 day moving average price is $91.55 and its 200 day moving average price is $72.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. Xometry has a twelve month low of $35.86 and a twelve month high of $106.08.

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

Insider Transactions at Xometry

In other Xometry news, CTO Vaidyanathan Raghavan sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $96.77, for a total transaction of $483,850.00. Following the transaction, the chief technology officer owned 135,777 shares in the company, valued at $13,139,140.29. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sanjeev Sahni sold 1,500 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $90.19, for a total value of $135,285.00. Following the transaction, the chief executive officer owned 182,403 shares in the company, valued at approximately $16,450,926.57. This trade represents a 0.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 55,553 shares of company stock worth $5,116,368. 9.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Xometry in the fourth quarter valued at about $28,000. Quantbot Technologies LP acquired a new position in shares of Xometry during the 3rd quarter worth about $30,000. Leonteq Securities AG acquired a new position in shares of Xometry during the 4th quarter worth about $59,000. Comerica Bank boosted its stake in Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company's stock valued at $62,000 after purchasing an additional 173 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Xometry by 74.2% during the 1st 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. Institutional investors own 97.31% of the company's stock.

About Xometry

Xometry, Inc NASDAQ: XMTR operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

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