Xometry, Inc. (NASDAQ:XMTR) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a “Hold” consensus on Xometry, with six buy, four hold and one sell rating among 11 firms. The average 12-month price target is $101.88, with recent targets ranging from $95 to $126.
• Xometry exceeded quarterly expectations, reporting adjusted EPS of $0.16 versus $0.15 expected and revenue of $229.28 million versus $215.22 million expected. Revenue increased 41.1% year over year, although the company remained unprofitable with a 3.82% negative net margin.
• The stock opened at $93.09 and has traded between $35.86 and $106.08 over the past year. Institutional investors own 97.31% of shares, while recent insider activity included significant selling alongside a large purchase by a company director.

Shares of Xometry, Inc. (NASDAQ:XMTR - Get Free Report) have earned an average rating of "Hold" from the eleven ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $101.8750.

XMTR has been the subject of several analyst reports. Cantor Fitzgerald boosted their price objective on Xometry from $85.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Citizens Jmp raised their target price on Xometry from $75.00 to $100.00 and gave the stock a "market outperform" rating in a report on Friday, May 8th. Wedbush started coverage on Xometry in a research report on Thursday, July 16th. They set an "outperform" rating and a $126.00 price target for the company. The Goldman Sachs Group boosted their price target on Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, UBS Group upped their price objective on Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th.

Xometry Stock Up 1.8%

XMTR stock opened at $93.09 on Thursday. The company has a market capitalization of $4.82 billion, a P/E ratio of -155.15 and a beta of 1.29. Xometry has a 12 month low of $35.86 and a 12 month high of $106.08. The firm's fifty day simple moving average is $90.79 and its 200-day simple moving average is $69.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

Xometry (NASDAQ:XMTR - Get Free Report) last issued its earnings results 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 firm 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 firm's revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. As a group, equities research analysts forecast that Xometry will post -0.02 earnings per share for the current year.

Insider Transactions at Xometry

In related news, insider Subir Dutt sold 4,943 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $89.20, for a total transaction of $440,915.60. Following the sale, the insider directly owned 97,289 shares of the company's stock, valued at approximately $8,678,178.80. This represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lukas Alexander Biewald bought 47,058 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $3,999,930.00. Following the completion of the purchase, the director owned 55,134 shares in the company, valued at approximately $4,686,390. This represents a 582.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 82,996 shares of company stock worth $7,436,098. Insiders own 9.10% of the company's stock.

Hedge Funds Weigh In On Xometry

Hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its position in shares of Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company's stock valued at $107,029,000 after buying an additional 690,558 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Xometry by 9.2% during the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company's stock valued at $93,729,000 after buying an additional 132,792 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Xometry during the 4th quarter valued at approximately $76,393,000. State Street Corp grew its stake in Xometry by 1.2% in the 4th quarter. State Street Corp now owns 978,540 shares of the company's stock valued at $58,194,000 after acquiring an additional 11,272 shares during the period. Finally, Wellington Management Group LLP grew its stake in Xometry by 26.3% in the 3rd quarter. Wellington Management Group LLP now owns 947,045 shares of the company's stock valued at $51,586,000 after acquiring an additional 197,297 shares during the period. Hedge funds and other institutional investors own 97.31% of the company's stock.

About Xometry

Xometry, Inc NASDAQ: XMTR operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

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