Xometry (NASDAQ:XMTR) Director Emily Rollins Sells 2,500 Shares of Stock

Key Points

• Director Emily Rollins sold 2,500 Xometry shares at an average price of $123.89, totaling $309,725. She retained 12,636 shares after the sale, a 16.52% reduction in her holdings.
• Xometry reported quarterly EPS of $0.28, beating the $0.19 consensus estimate, while revenue of $252.44 million exceeded expectations and grew 39.5% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $124.55; several firms recently raised their targets to between $132 and $140.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Emily Rollins sold 2,500 shares of the business's stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $123.89, for a total transaction of $309,725.00. Following the completion of the sale, the director directly owned 12,636 shares of the company's stock, valued at approximately $1,565,474.04. This trade represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Emily Rollins also recently made the following trade(s):

• On Wednesday, August 19th, Emily Rollins sold 5,000 shares of Xometry stock. The shares were sold at an average price of $84.31, for a total transaction of $421,550.00.

Xometry Stock Performance

Shares of XMTR stock traded down $1.17 during mid-day trading on Friday, hitting $119.61. 576,499 shares of the stock were exchanged, compared to its average volume of 885,732. The stock's fifty day simple moving average is $100.47 and its two-hundred day simple moving average is $78.39. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of -351.78 and a beta of 1.33. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $127.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.13 and a current ratio of 3.15.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. Xometry had a positive return on equity of 0.18% and a negative net margin of 1.97%. The business had revenue of $252.44 million for the quarter, compared to analysts' expectations of $235.54 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business's revenue was up 39.5% compared to the same quarter last year. On average, analysts forecast that Xometry, Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on XMTR shares. Citigroup lifted their price target on Xometry from $110.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, November 4th. Wedbush raised their target price on shares of Xometry from $126.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Xometry from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 4th. Citizens Jmp lifted their target price on shares of Xometry from $120.00 to $135.00 and gave the company a "market outperform" rating in a report on Wednesday, November 4th. Finally, Cantor Fitzgerald upped their price target on shares of Xometry from $110.00 to $114.00 and gave the company an "overweight" rating in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.55.

Hedge Funds Weigh In On Xometry

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position 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 acquiring an additional 492,285 shares during the period. Wellington Management Group LLP grew its stake in shares of Xometry by 26.9% in 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 last quarter. Zevenbergen Capital Investments LLC grew its stake in shares of Xometry by 115.1% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company's stock valued at $30,603,000 after purchasing an additional 159,227 shares during the last quarter. Sylebra Capital LLC grew its stake in shares of 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 purchasing an additional 127,637 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Xometry by 86.4% in the third quarter. Russell Investments Group Ltd. now owns 224,048 shares of the company's stock valued at $23,044,000 after purchasing an additional 103,827 shares during the period. Hedge funds and other institutional investors own 97.31% of the company's stock.

About Xometry

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.

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