Xometry (NASDAQ:XMTR - Free Report) had its price objective lifted by Craig Hallum from $20.00 to $30.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.
Other equities analysts have also recently issued research reports about the company. JMP Securities boosted their price target on Xometry from $27.00 to $32.00 and gave the stock a "market outperform" rating in a report on Friday, October 18th. Cantor Fitzgerald dropped their price target on Xometry from $13.00 to $12.00 and set an "underweight" rating on the stock in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.29.
Read Our Latest Analysis on XMTR
Xometry Price Performance
Shares of NASDAQ:XMTR traded up $4.78 on Wednesday, reaching $30.62. 1,588,695 shares of the company were exchanged, compared to its average volume of 603,439. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -28.34 and a beta of 0.55. Xometry has a 1-year low of $11.08 and a 1-year high of $38.74. The company has a 50-day moving average of $19.14 and a 200-day moving average of $16.55. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89.
Xometry (NASDAQ:XMTR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.09. The business had revenue of $141.70 million for the quarter, compared to analysts' expectations of $137.17 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. Equities analysts forecast that Xometry will post -0.81 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CTO Matthew Leibel sold 3,400 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the sale, the chief technology officer now directly owns 82,918 shares of the company's stock, valued at $1,529,837.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.79% of the stock is owned by insiders.
Institutional Trading of Xometry
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its holdings in shares of Xometry by 1.4% during the second quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company's stock worth $78,666,000 after purchasing an additional 93,350 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company's stock valued at $65,488,000 after purchasing an additional 76,976 shares during the period. Sylebra Capital LLC boosted its position in Xometry by 134.2% during the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company's stock worth $17,441,000 after acquiring an additional 864,454 shares during the last quarter. Clearbridge Investments LLC boosted its position in Xometry by 20.7% during the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company's stock worth $21,461,000 after acquiring an additional 217,939 shares during the last quarter. Finally, Bellecapital International Ltd. acquired a new position in Xometry during the second quarter worth about $6,281,000. 97.31% of the stock is owned by hedge funds and other institutional investors.
About Xometry
(
Get Free Report)
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.
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