Emily Rollins Sells 5,000 Shares of Xometry (NASDAQ:XMTR) Stock

Key Points

• Director Emily Rollins sold 5,000 Xometry shares at an average price of $84.31, generating $421,550. After the transaction, she retained 15,136 shares, a 24.83% reduction in her holdings.
• Xometry reported quarterly EPS of $0.16, beating estimates by $0.01, while revenue of $229.28 million exceeded forecasts and grew 41.1% year over year. The company remains slightly unprofitable, with a negative net margin of 3.82%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $102.78; institutional investors own 97.31% of the company.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Emily Rollins sold 5,000 shares of Xometry stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total value of $421,550.00. Following the sale, the director owned 15,136 shares in the company, valued at $1,276,116.16. The trade was a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Xometry Stock Performance

XMTR traded up $0.47 during trading on Friday, hitting $83.59. 399,996 shares of the company traded hands, compared to its average volume of 911,954. The firm has a market cap of $4.33 billion, a P/E ratio of -139.31 and a beta of 1.29. The stock's fifty day moving average is $91.57 and its 200 day moving average is $70.20. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08.

Xometry (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $229.28 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, equities analysts predict that Xometry, Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Xometry

A number of hedge funds and other institutional investors have recently bought and sold shares of XMTR. Nykredit A S bought a new position in shares of Xometry in the second quarter worth $103,000. Wellington Management Group LLP raised its stake in shares of Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company's stock valued at $127,656,000 after purchasing an additional 280,491 shares during the period. CoreCap Advisors LLC bought a new stake in shares of Xometry during the 2nd quarter valued at $97,000. PVG Asset Management Corp purchased a new stake in Xometry during the 1st quarter worth about $703,000. Finally, Bank of America Corp DE boosted its stake in Xometry by 23.7% in the 1st quarter. Bank of America Corp DE now owns 235,414 shares of the company's stock worth $9,614,000 after purchasing an additional 45,158 shares during the period. Institutional investors own 97.31% of the company's stock.

Analyst Upgrades and Downgrades

XMTR has been the subject of several research reports. Citizens Jmp increased their price objective on Xometry from $75.00 to $100.00 and gave the company a "market outperform" rating in a report on Friday, May 8th. Citigroup upped their price target on Xometry from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. UBS Group increased their price target on Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald lifted their price objective on Xometry from $85.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group boosted their price objective on Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Xometry presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.78.

Xometry Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source