Xometry (NASDAQ:XMTR) Hits New 1-Year Low at $13.30

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $13.30 and last traded at $13.34, with a volume of 72189 shares changing hands. The stock had previously closed at $13.81.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Craig Hallum reduced their target price on Xometry from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, May 10th. UBS Group lowered their target price on Xometry from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, March 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 price target on shares of Xometry in a research note on Tuesday, April 23rd. Citigroup lowered their price objective on shares of Xometry from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, May 28th. Finally, Royal Bank of Canada cut their price objective on shares of Xometry from $38.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Xometry presently has an average rating of "Hold" and a consensus price target of $22.71.

Xometry Stock Performance

The stock's 50-day moving average price is $16.36 and its 200 day moving average price is $23.48. The firm has a market cap of $607.40 million, a P/E ratio of -10.15 and a beta of 0.58. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.34 and a quick ratio of 4.30.

Xometry (NASDAQ:XMTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.02. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. The firm had revenue of $122.69 million for the quarter, compared to analyst estimates of $119.00 million. As a group, equities analysts predict that Xometry, Inc. will post -0.99 EPS for the current year.

Insider Buying and Selling

In other Xometry news, insider Subir Dutt bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average cost of $15.55 per share, with a total value of $155,500.00. Following the acquisition, the insider now owns 46,864 shares of the company's stock, valued at $728,735.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Xometry news, COO Peter Goguen sold 3,943 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total transaction of $69,436.23. Following the transaction, the chief operating officer now owns 197,211 shares in the company, valued at approximately $3,472,885.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Subir Dutt bought 10,000 shares of the company's stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $15.55 per share, with a total value of $155,500.00. Following the acquisition, the insider now directly owns 46,864 shares of the company's stock, valued at approximately $728,735.20. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 5,243 shares of company stock worth $93,002. Insiders own 19.23% of the company's stock.

Institutional Trading of Xometry

A number of institutional investors have recently bought and sold shares of the business. Lisanti Capital Growth LLC acquired a new stake in shares of Xometry in the fourth quarter valued at approximately $4,972,000. Charles Schwab Investment Management Inc. lifted its position in shares of Xometry by 29.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company's stock valued at $5,080,000 after acquiring an additional 67,443 shares during the period. Nicholas Investment Partners LP bought a new stake in shares of Xometry during the 4th quarter valued at $2,951,000. Primecap Management Co. CA grew its holdings in shares of Xometry by 6.3% during the 3rd quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company's stock worth $112,598,000 after purchasing an additional 390,933 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in shares of Xometry in the third quarter worth $332,000. Institutional investors own 97.31% of the company's stock.

About Xometry

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.