Posted by admin on Aug 15th, 2022

Xometry, Inc. (NASDAQ:XMTR – Get Rating) – Equities research analysts at William Blair lowered their Q3 2022 EPS estimates for shares of Xometry in a report issued on Thursday, August 11th. William Blair analyst B. Drab now expects that the company will post earnings per share of ($0.23) for the quarter, down from their prior forecast of ($0.22). The consensus estimate for Xometry’s current full-year earnings is ($0.93) per share. William Blair also issued estimates for Xometry’s Q4 2022 earnings at ($0.17) EPS, FY2022 earnings at ($0.84) EPS and FY2023 earnings at ($0.23) EPS.

XMTR has been the topic of a number of other research reports. Royal Bank of Canada raised their target price on shares of Xometry from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday. CL King raised their target price on shares of Xometry from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday. Loop Capital decreased their target price on shares of Xometry from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Finally, The Goldman Sachs Group raised their target price on shares of Xometry from $44.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday.

Shares of XMTR opened at $49.05 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 7.86 and a quick ratio of 7.82. The firm has a 50 day simple moving average of $36.88 and a 200-day simple moving average of $38.08. Xometry has a 1-year low of $26.61 and a 1-year high of $76.53. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -29.91 and a beta of 0.38.

In other Xometry news, Director George Hornig sold 10,000 shares of Xometry stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $32.95, for a total value of $329,500.00. Following the transaction, the director now owns 124,851 shares in the company, valued at approximately $4,113,840.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Kathy Mayerhofer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $35.47, for a total value of $1,064,100.00. Following the transaction, the insider now owns 57,723 shares of the company’s stock, valued at approximately $2,047,434.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George Hornig sold 10,000 shares of the firm’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $32.95, for a total transaction of $329,500.00. Following the completion of the transaction, the director now directly owns 124,851 shares in the company, valued at approximately $4,113,840.45. The disclosure for this sale can be found here. Insiders have sold a total of 144,715 shares of company stock worth $5,062,576 in the last quarter.

A number of hedge funds have recently made changes to their positions in XMTR. Advisors Asset Management Inc. purchased a new position in shares of Xometry in the 1st quarter valued at $33,000. Ensign Peak Advisors Inc purchased a new position in shares of Xometry in the 1st quarter valued at $61,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Xometry in the 1st quarter valued at $67,000. Ameritas Investment Partners Inc. raised its stake in shares of Xometry by 209.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock valued at $70,000 after acquiring an additional 1,296 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new stake in Xometry during the 2nd quarter worth $91,000. Hedge funds and other institutional investors own 77.31% of the company’s stock.

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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