Xometry (NASDAQ:XMTR) Shares Gap Down to $15.09

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $15.09, but opened at $14.75. Xometry shares last traded at $13.89, with a volume of 134,974 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JMP Securities reissued a "market outperform" rating and set a $30.00 price target on shares of Xometry in a research report on Tuesday, April 23rd. Cantor Fitzgerald assumed coverage on Xometry in a report on Wednesday. They set an "underweight" rating and a $13.00 price target on the stock. Royal Bank of Canada reduced their price objective on shares of Xometry from $38.00 to $23.00 and set a "sector perform" rating for the company in a report on Friday, March 1st. UBS Group cut their target price on Xometry from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, March 13th. Finally, Citigroup reduced 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. One research 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $22.71.

Xometry Stock Down 1.8 %

The company has a quick ratio of 4.30, a current ratio of 4.34 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $683.56 million, a PE ratio of -10.90 and a beta of 0.58. The business's 50 day simple moving average is $16.63 and its 200 day simple moving average is $23.69.

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

Insider Buying and Selling

In other Xometry news, COO Peter Goguen sold 3,943 shares of Xometry stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the sale, the chief operating officer now directly owns 197,211 shares in the company, valued at $3,472,885.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Peter Goguen sold 3,943 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the sale, the chief operating officer now directly owns 197,211 shares in the company, valued at approximately $3,472,885.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Subir Dutt acquired 10,000 shares of the firm's stock in a transaction that occurred on 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 completion of the acquisition, the insider now owns 46,864 shares in the company, valued at approximately $728,735.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 5,243 shares of company stock worth $93,002. Corporate insiders own 19.23% of the company's stock.

Institutional Trading of Xometry

A number of hedge funds have recently bought and sold shares of the stock. Quest Partners LLC acquired a new position in Xometry during the fourth quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Xometry by 13.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company's stock worth $266,000 after buying an additional 894 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Xometry by 50,118.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company's stock worth $289,000 after buying an additional 8,019 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new position in Xometry during the first quarter valued at approximately $169,000. Finally, Natixis Advisors L.P. acquired a new stake in Xometry in the fourth quarter worth $361,000. 97.31% of the stock is owned by institutional investors.

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.