Xometry (NASDAQ:XMTR - Free Report) had its price target lifted by JMP Securities from $27.00 to $32.00 in a research note released on Friday, Benzinga reports. They currently have a market outperform rating on the stock.
Separately, Cantor Fitzgerald dropped their target price on Xometry from $13.00 to $12.00 and set an "underweight" rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.86.
Check Out Our Latest Report on Xometry
Xometry Stock Performance
NASDAQ XMTR traded up $0.53 during trading hours on Friday, reaching $20.90. The stock had a trading volume of 1,086,722 shares, compared to its average volume of 601,875. Xometry has a 52-week low of $11.08 and a 52-week high of $38.74. The stock has a fifty day moving average of $18.61 and a 200 day moving average of $16.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64. The stock has a market cap of $963.99 million, a P/E ratio of -15.37 and a beta of 0.57.
Xometry (NASDAQ:XMTR - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.13. The company had revenue of $132.60 million during the quarter, compared to the consensus estimate of $128.65 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.55) earnings per share. Sell-side analysts predict that Xometry will post -0.81 earnings per share for the current year.
Insiders Place Their Bets
In related news, CTO Matthew Leibel sold 3,400 shares of the company'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 transaction, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 19.23% of the stock is owned by insiders.
Hedge Funds Weigh In On Xometry
A number of hedge funds have recently made changes to their positions in the stock. Raymond James & Associates boosted its holdings in Xometry by 0.6% during the 3rd quarter. Raymond James & Associates now owns 287,986 shares of the company's stock valued at $5,290,000 after acquiring an additional 1,586 shares during the period. SG Americas Securities LLC acquired a new stake in Xometry during the 3rd quarter worth approximately $153,000. Point72 Asset Management L.P. purchased a new position in Xometry in the 2nd quarter valued at approximately $55,000. Sylebra Capital LLC grew its stake in shares of Xometry by 134.2% in 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 in the last quarter. Finally, Clearline Capital LP grew its stake in shares of Xometry by 87.0% in the second quarter. Clearline Capital LP now owns 276,710 shares of the company's stock worth $3,199,000 after acquiring an additional 128,766 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.
About Xometry
(
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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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