Fabio Rosati Sells 8,100 Shares of Xometry (NASDAQ:XMTR) Stock

Key Points

• Director Fabio Rosati sold 8,100 Xometry shares at an average price of $91.45, generating $740,745; he retained 93,567 shares. He also sold 1,900 additional shares the following day for $170,468.
• Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year and above analyst expectations, while EPS of $0.16 narrowly exceeded estimates.
• Analyst sentiment is mixed but leans positive, with six Buy, four Hold, and one Sell rating and an average price target of $101.88. Institutional investors own 97.31% of the company.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Fabio Rosati sold 8,100 shares of Xometry stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $91.45, for a total value of $740,745.00. Following the sale, the director owned 93,567 shares in the company, valued at $8,556,702.15. This represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Fabio Rosati also recently made the following trade(s):

• On Tuesday, August 11th, Fabio Rosati sold 1,900 shares of Xometry stock. The shares were sold at an average price of $89.72, for a total transaction of $170,468.00.

Xometry Stock Up 1.0%

XMTR stock traded up $0.90 during mid-day trading on Tuesday, hitting $91.43. 390,009 shares of the company were exchanged, compared to its average volume of 938,957. The company has a market capitalization of $4.74 billion, a PE ratio of -152.38 and a beta of 1.30. 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, Inc. has a twelve month low of $35.86 and a twelve month high of $106.08. The firm has a fifty day simple moving average of $90.45 and a 200 day simple moving average of $68.64.

Xometry (NASDAQ:XMTR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. During the same quarter in the prior year, the business posted $0.09 EPS. The company's revenue for the quarter was up 41.1% on a year-over-year basis. On average, research analysts forecast that Xometry, Inc. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on XMTR. Citigroup increased their target price on Xometry from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Royal Bank Of Canada boosted their price target on Xometry from $85.00 to $100.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Xometry in a research report on Friday, May 29th. UBS Group raised their price objective on Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald lifted their price objective on shares of Xometry from $85.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Xometry presently has an average rating of "Hold" and an average target price of $101.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in Xometry by 5.0% in the first quarter. Royal Bank of Canada now owns 60,669 shares of the company's stock worth $1,511,000 after buying an additional 2,899 shares during the period. AQR Capital Management LLC bought a new position in shares of Xometry during the first quarter worth about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Xometry by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company's stock worth $649,000 after acquiring an additional 1,877 shares during the period. Goldman Sachs Group Inc. lifted its position in Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company's stock valued at $11,281,000 after purchasing an additional 95,154 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Xometry by 476.1% in the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company's stock valued at $8,055,000 after purchasing an additional 197,013 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company's stock.

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.

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