Posted by admin on Aug 13th, 2022

Xometry (NASDAQ:XMTR – Get Rating) had its target price upped by investment analysts at Royal Bank of Canada from $46.00 to $60.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 22.32% from the stock’s previous close.

XMTR has been the subject of several other reports. The Goldman Sachs Group lowered their price objective on Xometry from $51.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. Loop Capital decreased their price target on Xometry from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Finally, CL King decreased their price target on Xometry from $65.00 to $55.00 in a research report on Thursday, May 12th.

Shares of Xometry stock opened at $49.05 on Thursday. The company has a market cap of $2.17 billion, a PE ratio of -29.91 and a beta of 0.38. Xometry has a 52 week low of $26.61 and a 52 week high of $76.53. The business has a 50 day moving average price of $36.88 and a 200-day moving average price of $38.20. The company has a quick ratio of 7.82, a current ratio of 7.86 and a debt-to-equity ratio of 0.68.

Xometry (NASDAQ:XMTR – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.09. The firm had revenue of $83.67 million during the quarter, compared to the consensus estimate of $81.02 million. Xometry had a negative return on equity of 16.04% and a negative net margin of 24.80%. Equities analysts anticipate that Xometry will post -1.02 earnings per share for the current fiscal year.

In related news, Director George Hornig sold 10,000 shares of the business’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $32.95, for a total value of $329,500.00. Following the sale, the director now directly owns 124,851 shares in the company, valued at approximately $4,113,840.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Xometry news, Director George Hornig sold 10,000 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $32.95, for a total transaction of $329,500.00. Following the sale, the director now directly owns 124,851 shares of the company’s stock, valued at $4,113,840.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kathy Mayerhofer sold 30,000 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $35.47, for a total transaction of $1,064,100.00. Following the sale, the insider now directly owns 57,723 shares in the company, valued at $2,047,434.81. 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 over the last ninety days.

Several hedge funds and other institutional investors have recently modified their holdings of XMTR. Allspring Global Investments Holdings LLC bought a new stake in shares of Xometry during the fourth quarter valued at about $2,839,000. Qube Research & Technologies Ltd bought a new stake in shares of Xometry during the fourth quarter valued at about $335,000. New York State Common Retirement Fund increased its position in shares of Xometry by 98.6% during the fourth quarter. New York State Common Retirement Fund now owns 5,758 shares of the company’s stock valued at $295,000 after buying an additional 2,858 shares during the period. Northern Trust Corp increased its position in shares of Xometry by 11.6% during the fourth quarter. Northern Trust Corp now owns 80,066 shares of the company’s stock valued at $4,104,000 after buying an additional 8,299 shares during the period. Finally, Swiss National Bank bought a new position in shares of Xometry in the fourth quarter worth approximately $943,000. 77.31% of the stock is currently owned by institutional investors.

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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