Xometry (NASDAQ:XMTR) Reaches New 1-Year High - What's Next?

Key Points

• Xometry shares reached a new 52-week high of $107, trading around $105.62, supported by strong momentum above its 50-day and 200-day moving averages.
• Analysts remain broadly positive, with a “Moderate Buy” consensus, a $113.18 average price target and several firms setting targets of $120 or higher.
• The company beat quarterly earnings and revenue expectations, reporting $0.16 EPS and $229.28 million in revenue, up 41.1% year over year; however, insiders have sold more than 57,000 shares over the past 90 days.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $107.00 and last traded at $105.6150, with a volume of 42306 shares traded. The stock had previously closed at $105.01.

Wall Street Analysts Forecast Growth

XMTR has been the subject of several research analyst reports. JPMorgan Chase & Co. began coverage on shares of Xometry in a report on Monday, August 24th. They issued an "overweight" rating and a $120.00 price target for the company. BNP Paribas Exane initiated coverage on shares of Xometry in a research report on Friday, September 18th. They issued an "outperform" rating and a $120.00 price objective on the stock. Rosenblatt Securities upped their target price on shares of Xometry from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday. Wedbush assumed coverage on Xometry in a report on Thursday, July 16th. They set an "outperform" rating and a $126.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $113.18.

Xometry Stock Up 0.8%

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 firm has a fifty day simple moving average of $91.15 and a 200-day simple moving average of $76.51. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of -176.27 and a beta of 1.32.

Xometry (NASDAQ:XMTR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $229.28 million for the quarter, compared to analyst estimates 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 was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, sell-side analysts expect that Xometry, Inc. will post -0.01 EPS for the current year.

Insider Activity at Xometry

In related news, CEO Sanjeev Sahni sold 1,500 shares of the business's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $85.23, for a total value of $127,845.00. Following the completion of the transaction, the chief executive officer owned 180,903 shares of the company's stock, valued at $15,418,362.69. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Emily Rollins sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total transaction of $421,550.00. Following the sale, the director owned 15,136 shares in the company, valued at $1,276,116.16. This represents a 24.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 57,053 shares of company stock valued at $5,244,213. 9.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xometry

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Xometry by 243.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company's stock worth $29,015,000 after buying an additional 492,285 shares in the last quarter. Wellington Management Group LLP raised its stake in Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company's stock worth $127,656,000 after acquiring an additional 280,491 shares in the last quarter. Capital International Investors bought a new position in shares of Xometry in the fourth quarter worth about $11,949,000. BNP Paribas Financial Markets boosted its stake in shares of Xometry by 1,121.8% in the 4th quarter. BNP Paribas Financial Markets now owns 207,682 shares of the company's stock valued at $12,351,000 after purchasing an additional 190,684 shares in the last quarter. Finally, Sylebra Capital LLC grew its holdings in shares of Xometry by 31.3% during 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. 97.31% of the stock is currently owned by institutional investors.

Xometry Company Profile

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.

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