Subir Dutt Purchases 10,000 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) insider Subir Dutt acquired 10,000 shares of Xometry stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average price of $15.55 per share, with a total value of $155,500.00. Following the completion of the purchase, the insider now directly owns 46,864 shares in the company, valued at approximately $728,735.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Xometry Price Performance

XMTR traded up $0.17 during midday trading on Friday, hitting $15.34. The stock had a trading volume of 467,420 shares, compared to its average volume of 665,288. Xometry, Inc. has a 1 year low of $13.57 and a 1 year high of $38.74. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.30 and a current ratio of 4.34. The business has a fifty day moving average of $16.71 and a 200 day moving average of $23.73. The company has a market cap of $707.54 million, a P/E ratio of -11.28 and a beta of 0.65.

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, beating analysts' consensus estimates of ($0.26) by $0.02. The company had revenue of $122.69 million during the quarter, compared to analysts' expectations of $119.00 million. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. As a group, equities analysts forecast that Xometry, Inc. will post -0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XMTR. The Goldman Sachs Group reduced their price target on shares of Xometry from $46.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, March 1st. TheStreet downgraded Xometry from a "c-" rating to a "d" rating in a research report on Thursday, February 29th. JMP Securities restated a "market outperform" rating and issued a $30.00 price objective on shares of Xometry in a research report on Tuesday, April 23rd. Craig Hallum lowered their target price on shares of Xometry from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, May 10th. Finally, Citigroup cut their price target on shares of Xometry from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.33.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XMTR. Bank of New York Mellon Corp grew its position in Xometry by 7.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 152,545 shares of the company's stock worth $2,590,000 after acquiring an additional 10,913 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Xometry during the 3rd quarter valued at $180,000. Swiss National Bank grew its holdings in Xometry by 1.1% in the 3rd quarter. Swiss National Bank now owns 84,400 shares of the company's stock worth $1,433,000 after acquiring an additional 900 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Xometry by 29.1% in the third 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. Finally, Glynn Capital Management LLC increased its position in shares of Xometry by 2.5% in the third quarter. Glynn Capital Management LLC now owns 363,678 shares of the company's stock valued at $6,175,000 after acquiring an additional 8,805 shares during the period. Hedge funds and other institutional investors own 97.31% of the company's stock.

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.