Xometry (NASDAQ:XMTR) Shares Up 5.6%

Xometry, Inc. (NASDAQ:XMTR - Get Free Report)'s share price was up 5.6% during trading on Thursday . The company traded as high as $18.43 and last traded at $18.39. Approximately 183,039 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 642,820 shares. The stock had previously closed at $17.41.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TheStreet downgraded shares of Xometry from a "c-" rating to a "d" rating in a research report on Thursday, February 29th. UBS Group decreased their target price on shares of Xometry from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 13th. The Goldman Sachs Group cut their price target on shares of Xometry from $46.00 to $28.00 and set a "buy" rating for the company in a report on Friday, March 1st. Royal Bank of Canada cut their price target on shares of Xometry from $38.00 to $23.00 and set a "sector perform" rating for the company in a report on Friday, March 1st. Finally, JMP Securities boosted their target price on shares of Xometry from $26.00 to $42.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Xometry currently has an average rating of "Moderate Buy" and an average target price of $28.67.

Xometry Stock Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 4.28 and a quick ratio of 4.25. The firm has a market capitalization of $848.66 million, a P/E ratio of -12.48 and a beta of 0.71. The stock's 50 day moving average is $24.45 and its two-hundred day moving average is $23.68.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The business had revenue of $128.15 million for the quarter, compared to the consensus estimate of $127.78 million. Xometry had a negative return on equity of 17.34% and a negative net margin of 14.56%. As a group, equities analysts anticipate that Xometry, Inc. will post -0.64 earnings per share for the current fiscal year.

Insider Activity at Xometry

In other news, CFO James M. Rallo sold 5,000 shares of the company's stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $33.02, for a total value of $165,100.00. Following the completion of the transaction, the chief financial officer now owns 44,381 shares in the company, valued at $1,465,460.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Peter Goguen sold 3,943 shares of the firm's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total transaction of $69,436.23. Following the completion of the sale, the chief operating officer now owns 197,211 shares in the company, valued at approximately $3,472,885.71. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James M. Rallo sold 5,000 shares of the firm's stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $33.02, for a total transaction of $165,100.00. Following the transaction, the chief financial officer now directly owns 44,381 shares in the company, valued at $1,465,460.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,943 shares of company stock worth $421,176. 19.23% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Xometry

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in Xometry during the 1st quarter worth approximately $33,000. State of Wyoming increased its stake in Xometry by 82.8% during the 4th quarter. State of Wyoming now owns 1,159 shares of the company's stock valued at $37,000 after purchasing an additional 525 shares in the last quarter. Ensign Peak Advisors Inc bought a new stake in Xometry during the 1st quarter valued at $61,000. Comerica Bank grew its stake in shares of Xometry by 120.9% in the 4th quarter. Comerica Bank now owns 1,723 shares of the company's stock worth $62,000 after acquiring an additional 943 shares in the last quarter. Finally, US Bancorp DE grew its position in Xometry by 72.8% during the second quarter. US Bancorp DE now owns 3,113 shares of the company's stock valued at $66,000 after buying an additional 1,311 shares during the period. 97.31% of the stock is owned by institutional investors.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.