Xometry (NASDAQ:XMTR) Upgraded at Cantor Fitzgerald

Key Points

• Xometry's stock was upgraded from "underweight" to "neutral" by Cantor Fitzgerald, with a price target set at $41, reflecting a potential downside of 7.41% from its current price.
• The company experienced a significant stock rise, trading up 43.0% to $44.28 during the latest trading session, surpassing its average trading volume.
• Xometry reported a revenue increase of 22.6% compared to the same quarter last year, along with earnings of $0.09 per share, beating analysts' expectations of $0.05.

Cantor Fitzgerald upgraded shares of Xometry (NASDAQ:XMTR - Free Report) from an underweight rating to a neutral rating in a report released on Tuesday morning, MarketBeat reports. They currently have $41.00 target price on the stock. Cantor Fitzgerald also issued estimates for Xometry's FY2025 earnings at ($0.36) EPS and FY2026 earnings at ($0.13) EPS.

XMTR has been the subject of a number of other reports. The Goldman Sachs Group upped their price objective on shares of Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Citigroup reaffirmed an "outperform" rating on shares of Xometry in a research report on Friday, July 11th. Royal Bank Of Canada upped their price objective on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. UBS Group upped their price objective on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Xometry has an average rating of "Moderate Buy" and an average price target of $40.44.

Xometry Stock Down 3.3%

XMTR traded down $1.44 during midday trading on Tuesday, reaching $41.64. 945,087 shares of the company were exchanged, compared to its average volume of 987,712. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.70 and a current ratio of 3.91. The company's fifty day moving average price is $34.09 and its 200 day moving average price is $30.59. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -33.85 and a beta of 0.83. Xometry has a one year low of $14.68 and a one year high of $47.46.

Xometry (NASDAQ:XMTR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. The firm had revenue of $162.55 million during the quarter, compared to analyst estimates of $156.53 million. Xometry had a negative return on equity of 6.79% and a negative net margin of 10.20%. The company's revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) EPS. As a group, analysts expect that Xometry will post -0.66 EPS for the current year.

Insider Buying and Selling at Xometry

In other news, CEO Randolph Altschuler sold 9,332 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total transaction of $302,263.48. Following the completion of the transaction, the chief executive officer directly owned 319,602 shares of the company's stock, valued at $10,351,908.78. This represents a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Xometry by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,084,117 shares of the company's stock valued at $36,637,000 after acquiring an additional 9,360 shares during the period. KBC Group NV purchased a new stake in shares of Xometry during the 2nd quarter valued at approximately $55,000. Lisanti Capital Growth LLC lifted its stake in shares of Xometry by 140.0% during the 2nd quarter. Lisanti Capital Growth LLC now owns 120,185 shares of the company's stock valued at $4,061,000 after buying an additional 70,105 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Xometry during the 2nd quarter valued at approximately $211,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Xometry by 37.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,485 shares of the company's stock valued at $8,700,000 after buying an additional 70,421 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.