Xometry (NASDAQ:XMTR) Hits New 12-Month High - Time to Buy?

Key Points

• Xometry shares reached a new 52-week high of $108.55, with the stock last trading near $107.55 and a market capitalization of approximately $5.58 billion.
• Analyst sentiment is broadly positive: eight analysts rate the stock Buy, four rate it Hold, and one rates it Sell, resulting in a consensus “Moderate Buy” rating and a $113.18 average price target.
• The company exceeded quarterly expectations with $0.16 in EPS versus $0.15 expected and revenue of $229.28 million, up 41.1% year over year; however, Xometry remains unprofitable, and insiders sold $6.0 million of shares during the quarter.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) shares hit a new 52-week high on Monday. The stock traded as high as $108.55 and last traded at $107.5540, with a volume of 573893 shares. The stock had previously closed at $102.53.

Wall Street Analyst Weigh In

Several brokerages have commented on XMTR. Weiss Ratings reissued a "sell (d-)" rating on shares of Xometry in a research report on Wednesday, August 26th. Rosenblatt Securities upped their price objective on Xometry from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Royal Bank Of Canada increased their price objective on Xometry from $85.00 to $100.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Wedbush began coverage on Xometry in a report on Thursday, July 16th. They issued an "outperform" rating and a $126.00 target price for the company. Finally, UBS Group boosted their target price on Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.18.

Xometry Stock Performance

The stock's 50-day simple moving average is $92.03 and its 200 day simple moving average is $79.57. The company has a market capitalization of $5.58 billion, a PE ratio of -179.50 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21.

Xometry (NASDAQ:XMTR - Get Free Report) last released 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 business had revenue of $229.28 million during the quarter, compared to analysts' expectations of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company's revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. As a group, research analysts expect that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Xometry

In related news, Director Katharine Weymouth sold 5,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $94.30, for a total value of $471,500.00. Following the completion of the transaction, the director directly owned 35,345 shares of the company's stock, valued at $3,333,033.50. This represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Vaidyanathan Raghavan sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $96.77, for a total value of $483,850.00. Following the completion of the transaction, the chief technology officer directly owned 135,777 shares of the company's stock, valued at $13,139,140.29. This trade represents a 3.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 63,199 shares of company stock worth $6,006,535. Corporate insiders own 9.10% of the company's stock.

Institutional Trading of Xometry

Several institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its position in shares of Xometry by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company's stock valued at $194,000 after buying an additional 290 shares during the last quarter. Corient Private Wealth LP boosted its stake in Xometry by 1.6% in the second quarter. Corient Private Wealth LP now owns 23,196 shares of the company's stock valued at $2,239,000 after acquiring an additional 360 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Xometry in the second quarter valued at $36,000. PNC Financial Services Group Inc. grew its holdings in shares of Xometry by 74.2% during the first 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 during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of Xometry by 12.3% during the first quarter. Pictet Asset Management Holding SA now owns 7,284 shares of the company's stock worth $297,000 after purchasing an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.

Xometry Company Profile

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.

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