Xometry, Inc. (NASDAQ:XMTR) Stock Has Average Price Target of $113.18

Key Points

• Xometry has a “Moderate Buy” consensus rating from 13 analysts, with eight buys, four holds, and one sell. The average 12-month price target is $113.18, above the reported share price of $104.23.
• The company exceeded quarterly expectations, reporting $0.16 in adjusted earnings per share versus the $0.15 consensus estimate and $229.28 million in revenue versus $215.22 million expected. Revenue increased 41.1% year over year, although Xometry remained unprofitable.
• Institutional investors own 97.31% of Xometry’s shares, while insiders have sold 44,500 shares worth approximately $4.1 million over the past 90 days.

Shares of Xometry, Inc. (NASDAQ:XMTR - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $113.18.

A number of equities research analysts have weighed in on XMTR shares. UBS Group boosted their price objective on Xometry from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Rosenblatt Securities lifted their target price on shares of Xometry from $110.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, September 22nd. Royal Bank Of Canada upped their price target on shares of Xometry from $85.00 to $100.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. Citigroup reiterated a "market outperform" rating on shares of Xometry in a research note on Monday, September 21st. Finally, Cantor Fitzgerald raised their price objective on shares of Xometry from $85.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th.

Xometry Stock Performance

Shares of XMTR stock opened at $104.23 on Friday. The stock's 50-day moving average is $91.70 and its two-hundred day moving average is $79.11. 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 1 year low of $35.86 and a 1 year high of $107.93. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of -173.71 and a beta of 1.23.

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

Insider Buying and Selling at Xometry

In other Xometry news, Director Emily Rollins sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total transaction of $421,550.00. Following the completion of the sale, the director directly owned 15,136 shares of the company's stock, valued at $1,276,116.16. This represents a 24.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, September 14th. The stock was sold at an average price of $85.23, for a total value of $127,845.00. Following the sale, the chief executive officer directly owned 180,903 shares of the company's stock, valued at $15,418,362.69. The trade was a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 44,500 shares of company stock valued at $4,067,473. Corporate insiders own 9.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of XMTR. Wellington Management Group LLP lifted its holdings in shares of Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company's stock worth $127,656,000 after purchasing an additional 280,491 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Xometry by 243.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company's stock valued at $29,015,000 after buying an additional 492,285 shares during the period. Sylebra Capital LLC increased its stake in Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company's stock valued at $21,875,000 after buying an additional 127,637 shares during the period. BNP Paribas Financial Markets raised its position in Xometry by 1,121.8% during the 4th quarter. BNP Paribas Financial Markets now owns 207,682 shares of the company's stock worth $12,351,000 after buying an additional 190,684 shares during the last quarter. Finally, Capital International Investors purchased a new position in Xometry during the 4th quarter worth $11,949,000. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Company Profile

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.

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