Posted by admin on Jun 13th, 2022

Xometry, Inc. (NASDAQ:XMTR – Get Rating) CEO Randolph Altschuler sold 22,715 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $35.03, for a total transaction of $795,706.45. Following the sale, the chief executive officer now directly owns 101,582 shares of the company’s stock, valued at approximately $3,558,417.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ:XMTR traded down $2.41 during midday trading on Monday, hitting $30.89. 405,928 shares of the company’s stock were exchanged, compared to its average volume of 562,972. The company has a debt-to-equity ratio of 0.68, a current ratio of 7.86 and a quick ratio of 7.82. Xometry, Inc. has a 12 month low of $26.61 and a 12 month high of $97.57. The company has a market cap of $1.37 billion and a PE ratio of -11.23. The stock has a 50 day moving average price of $34.61 and a 200-day moving average price of $42.05.

Xometry (NASDAQ:XMTR – Get Rating) last released its quarterly earnings results on Thursday, March 17th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). The company had revenue of $67.10 million for the quarter, compared to analyst estimates of $66.97 million. Xometry had a negative net margin of 27.47% and a negative return on equity of 23.42%. On average, analysts anticipate that Xometry, Inc. will post -1.02 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Xometry by 263.3% during the first quarter. Bank of America Corp DE now owns 75,865 shares of the company’s stock worth $2,788,000 after purchasing an additional 54,981 shares during the last quarter. Capital World Investors lifted its position in shares of Xometry by 55.2% during the 1st quarter. Capital World Investors now owns 2,139,600 shares of the company’s stock worth $78,630,000 after buying an additional 761,100 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in shares of Xometry in the 1st quarter worth approximately $368,000. Advisors Asset Management Inc. bought a new position in shares of Xometry in the first quarter valued at approximately $33,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Xometry during the first quarter valued at approximately $1,223,000. 77.31% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Loop Capital initiated coverage on shares of Xometry in a report on Monday, April 11th. They issued a “buy” rating and a $50.00 price target for the company. The Goldman Sachs Group reduced their target price on Xometry from $51.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday. Finally, CL King dropped their price target on Xometry from $65.00 to $55.00 in a research note on Thursday, May 12th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $70.83.

Xometry Company Profile (Get Rating)

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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