Xometry (NASDAQ:XMTR) Stock Rating Reaffirmed by JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Xometry (NASDAQ:XMTR - Free Report) in a research note released on Tuesday, Benzinga reports. They currently have a $30.00 price target on the stock.

XMTR has been the subject of several other research reports. UBS Group decreased their price objective on Xometry from $22.00 to $21.00 and set a neutral rating for the company in a report on Wednesday, March 13th. TheStreet cut Xometry from a c- rating to a d rating in a report on Thursday, February 29th. Royal Bank of Canada reduced their price target on Xometry from $38.00 to $23.00 and set a sector perform rating for the company in a report on Friday, March 1st. Finally, The Goldman Sachs Group reduced their price target on Xometry from $46.00 to $28.00 and set a buy rating for the company in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Xometry currently has a consensus rating of Moderate Buy and a consensus price target of $26.67.

Xometry Stock Performance

XMTR traded up $1.23 on Tuesday, reaching $17.38. 633,822 shares of the stock were exchanged, compared to its average volume of 658,748. The company's 50-day moving average price is $20.29 and its 200 day moving average price is $23.80. Xometry has a fifty-two week low of $12.45 and a fifty-two week high of $38.74. 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 $844.32 million, a PE ratio of -12.41 and a beta of 0.71.

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

Insiders Place Their Bets

In other Xometry news, CFO James M. Rallo sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total transaction of $154,250.00. Following the completion of the sale, the chief financial officer now directly owns 44,381 shares in the company, valued at approximately $1,369,153.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO James M. Rallo sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total value of $154,250.00. Following the completion of the sale, the chief financial officer now directly owns 44,381 shares in the company, valued at $1,369,153.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter Goguen sold 3,943 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the transaction, the chief operating officer now owns 197,211 shares in the company, valued at $3,472,885.71. The disclosure for this sale can be found here. In the last three months, insiders sold 11,243 shares of company stock worth $279,642. Corporate insiders own 19.23% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XMTR. Charles Schwab Investment Management Inc. lifted its stake in Xometry by 29.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company's stock worth $5,080,000 after purchasing an additional 67,443 shares in the last quarter. Primecap Management Co. CA lifted its stake in Xometry by 6.3% during the third quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company's stock worth $112,598,000 after purchasing an additional 390,933 shares in the last quarter. Graham Capital Management L.P. acquired a new position in Xometry during the third quarter worth $332,000. Vanguard Group Inc. lifted its stake in Xometry by 4.5% during the third quarter. Vanguard Group Inc. now owns 3,773,652 shares of the company's stock worth $64,077,000 after purchasing an additional 161,226 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Xometry during the third quarter worth $344,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.