Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Consensus "Hold": Eleven analysts cover Xometry with a consensus rating of Hold (1 sell, 5 hold, 5 buy) and an average 12‑month price target of $62.00.
• Mixed quarterly results: Xometry beat estimates with EPS of $0.16 (vs. $0.12) and revenue of $192.4M (up 29.5% YoY), but it remains unprofitable with a negative net margin (−8.99%) and negative ROE, and analysts expect −0.66 EPS for the year.
• Insider selling and ownership: the CEO and CFO sold material stakes in late February (total ~68,090 shares sold in three months), while institutional investors own roughly 97.31% of the company and market capitalization is about $2.10B.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $62.00.

Several brokerages recently issued reports on XMTR. UBS Group boosted their price target on shares of Xometry from $54.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, February 25th. Wedbush reduced their price target on shares of Xometry from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 25th. Zacks Research upgraded shares of Xometry from a "strong sell" rating to a "hold" rating in a research report on Monday, March 2nd. Citigroup reduced their price target on shares of Xometry from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Xometry in a research report on Wednesday, January 21st.

Xometry Stock Performance

Xometry stock opened at $40.62 on Friday. The company has a quick ratio of 3.72, a current ratio of 3.76 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $2.10 billion, a PE ratio of -33.29 and a beta of 0.88. The firm has a fifty day simple moving average of $47.65 and a two-hundred day simple moving average of $54.38. Xometry has a twelve month low of $19.95 and a twelve month high of $73.87.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $192.40 million during the quarter, compared to the consensus estimate of $183.37 million. Xometry had a negative net margin of 8.99% and a negative return on equity of 5.49%. The firm's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. Research analysts expect that Xometry will post -0.66 EPS for the current year.

Insider Activity at Xometry

In other Xometry news, CFO James Miln sold 15,103 shares of the company's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $43.46, for a total value of $656,376.38. Following the sale, the chief financial officer owned 173,123 shares in the company, valued at approximately $7,523,925.58. This represents a 8.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Randolph Altschuler sold 31,928 shares of the company's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.44, for a total transaction of $1,386,952.32. Following the completion of the sale, the chief executive officer owned 372,377 shares in the company, valued at approximately $16,176,056.88. This trade represents a 7.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 68,090 shares of company stock valued at $3,032,592 over the last three months. Corporate insiders own 9.66% of the company's stock.

Institutional Investors Weigh In On Xometry

Hedge funds and other institutional investors have recently bought and sold shares of the business. Peregrine Investment Management Inc. purchased a new stake in Xometry in the third quarter worth about $4,358,000. First Trust Advisors LP grew its holdings in Xometry by 12.8% in the third quarter. First Trust Advisors LP now owns 1,443,283 shares of the company's stock worth $78,616,000 after purchasing an additional 164,278 shares during the period. Squarepoint Ops LLC grew its holdings in Xometry by 33.9% in the second quarter. Squarepoint Ops LLC now owns 183,799 shares of the company's stock worth $6,211,000 after purchasing an additional 46,502 shares during the period. Blair William & Co. IL grew its holdings in Xometry by 22.1% in the third quarter. Blair William & Co. IL now owns 324,565 shares of the company's stock worth $17,679,000 after purchasing an additional 58,707 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Xometry by 246.4% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 132,038 shares of the company's stock worth $7,192,000 after purchasing an additional 93,917 shares during the period. Hedge funds and other institutional investors own 97.31% of the company's stock.

Xometry Company Profile

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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