Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts assign Xometry a consensus recommendation of “Hold” from 11 firms (1 sell, 4 hold, 6 buy), with an average 12‑month price target of $62.25.
• Insiders sold shares recently (CTO and President sold on Feb 26), with 67,491 shares worth $2.997M sold in the last 90 days, reducing insider stakes to 9.66%.
• Xometry beat last quarter’s estimates with $0.16 EPS (vs. $0.12 expected) and revenue of $192.4M (up 29.5% year‑over‑year), but the company remains unprofitable and sell‑side forecasts call for about -$0.10 EPS for the fiscal year.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $62.25.

Several equities analysts recently commented on XMTR shares. Zacks Research raised Xometry from a "strong sell" rating to a "hold" rating in a report on Monday, March 2nd. Weiss Ratings reissued a "sell (e+)" rating on shares of Xometry in a report on Wednesday, January 21st. Citigroup dropped their target price on Xometry from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 25th. Wedbush dropped their target price on Xometry from $70.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 25th. Finally, William Blair reissued an "outperform" rating on shares of Xometry in a report on Tuesday, February 24th.

Insider Transactions at Xometry

In related news, CTO Vaidyanathan Raghavan sold 4,572 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $43.44, for a total value of $198,607.68. Following the transaction, the chief technology officer owned 64,304 shares of the company's stock, valued at $2,793,365.76. This represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Sanjeev Singh Sahni sold 9,978 shares of the firm's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.45, for a total value of $433,544.10. Following the transaction, the president directly owned 113,022 shares in the company, valued at approximately $4,910,805.90. The trade was a 8.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,491 shares of company stock valued at $2,997,263 over the last ninety days. Company insiders own 9.66% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new stake in Xometry in the fourth quarter valued at approximately $28,000. Quantbot Technologies LP purchased a new position in shares of Xometry during the third quarter worth approximately $30,000. GAMMA Investing LLC increased its holdings in shares of Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company's stock valued at $46,000 after acquiring an additional 162 shares during the period. Global Retirement Partners LLC purchased a new stake in Xometry in the 3rd quarter valued at $47,000. Finally, Leonteq Securities AG purchased a new stake in Xometry in the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Xometry Trading Down 1.3%

XMTR opened at $52.99 on Tuesday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of -43.43 and a beta of 1.01. The business has a fifty day moving average price of $43.50 and a 200 day moving average price of $53.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.76 and a quick ratio of 3.72. Xometry has a 12 month low of $27.23 and a 12 month high of $73.87.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $192.40 million for the quarter, compared to analyst estimates of $183.37 million. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.Xometry's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Sell-side analysts expect that Xometry will post -0.1 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.