Insider Selling: Xometry (NASDAQ:XMTR) Director Sells $170,468.00 in Stock

Key Points

• Xometry director Fabio Rosati sold $170,468 in stock, disposing of 1,900 shares at an average price of $89.72 and reducing his position by 2.03%. He also sold 8,100 shares worth $740,745 the previous day.
• Xometry shares rose 1.0% to $91.43, while the company reported quarterly revenue of $229.28 million, up 41.1% year over year, and EPS of $0.16, slightly exceeding analyst expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $101.88; institutional investors own approximately 97.31% of the company’s shares.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Fabio Rosati sold 1,900 shares of Xometry stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $89.72, for a total value of $170,468.00. Following the transaction, the director owned 91,667 shares in the company, valued at $8,224,363.24. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, August 10th, Fabio Rosati sold 8,100 shares of Xometry stock. The shares were sold at an average price of $91.45, for a total value of $740,745.00.

Xometry Stock Up 1.0%

NASDAQ XMTR traded up $0.90 during trading hours on Tuesday, reaching $91.43. 390,024 shares of the company's stock were exchanged, compared to its average volume of 938,957. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of -152.38 and a beta of 1.30. The company's 50-day moving average is $90.45 and its two-hundred day moving average is $68.64. 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 issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm's revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, analysts forecast that Xometry, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group boosted their price target on Xometry from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Citigroup lifted their target price on Xometry from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Wedbush assumed coverage on Xometry in a research report on Thursday, July 16th. They set an "outperform" rating and a $126.00 price target for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Xometry in a research report on Friday, May 29th. Finally, Royal Bank Of Canada lifted their price target on shares of Xometry from $85.00 to $100.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $101.88.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new position in shares of Xometry during the 4th quarter worth approximately $28,000. Quantbot Technologies LP bought a new position in Xometry during the 3rd quarter worth $30,000. Leonteq Securities AG acquired a new stake in Xometry in the 4th quarter worth about $59,000. Comerica Bank raised its position in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company's stock valued at $62,000 after buying an additional 173 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Xometry by 74.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company's stock worth $67,000 after purchasing an additional 697 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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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