Xometry, Inc. (NASDAQ:XMTR) Receives $22.86 Average Target Price from Analysts

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has received a consensus rating of "Hold" from the seven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $22.86.

XMTR has been the topic of a number of analyst reports. JMP Securities boosted their price objective on shares of Xometry from $27.00 to $32.00 and gave the company a "market outperform" rating in a research report on Friday, October 18th. Cantor Fitzgerald cut their target price on Xometry from $13.00 to $12.00 and set an "underweight" rating on the stock in a research note on Friday, August 9th.

Insiders Place Their Bets

In other news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction dated 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 approximately $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Xometry

Several large investors have recently modified their holdings of XMTR. ARK Investment Management LLC lifted its stake in shares of Xometry by 7.2% during the 3rd quarter. ARK Investment Management LLC now owns 284,134 shares of the company's stock worth $5,220,000 after acquiring an additional 19,197 shares during the last quarter. US Bancorp DE grew its holdings in Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company's stock worth $102,000 after acquiring an additional 2,037 shares in the last quarter. Palumbo Wealth Management LLC purchased a new position in Xometry during the third quarter valued at approximately $191,000. Allspring Global Investments Holdings LLC grew its stake in Xometry by 191.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company's stock valued at $3,981,000 after purchasing an additional 142,262 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Xometry by 0.6% in the 3rd quarter. Raymond James & Associates now owns 287,986 shares of the company's stock valued at $5,290,000 after buying an additional 1,586 shares in the last quarter. Institutional investors own 97.31% of the company's stock.

Xometry Stock Performance

XMTR traded up $2.80 on Friday, hitting $22.48. The company's stock had a trading volume of 1,113,704 shares, compared to its average volume of 593,703. The firm has a market cap of $1.11 billion, a P/E ratio of -20.33 and a beta of 0.57. The company's 50 day simple moving average is $18.95 and its 200-day simple moving average is $16.39. Xometry has a 12 month low of $11.08 and a 12 month high of $38.74. The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89.

Xometry (NASDAQ:XMTR - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.13. The business had revenue of $132.60 million for 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%. Xometry's quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted ($0.55) earnings per share. Analysts forecast that Xometry will post -0.81 EPS for the current year.

Xometry Company Profile

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.