Xometry (NASDAQ:XMTR) Given Underweight Rating at Cantor Fitzgerald

Xometry (NASDAQ:XMTR - Get Free Report)'s stock had its "underweight" rating reaffirmed by research analysts at Cantor Fitzgerald in a note issued to investors on Wednesday, Benzinga reports. They presently have a $12.00 price target on the stock. Cantor Fitzgerald's price target suggests a potential downside of 60.81% from the stock's previous close.

Several other research firms have also recently issued reports on XMTR. JMP Securities lifted their price objective on Xometry from $27.00 to $32.00 and gave the stock a "market outperform" rating in a report on Friday, October 18th. Craig Hallum lifted their price objective on Xometry from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Xometry presently has a consensus rating of "Hold" and a consensus price target of $26.29.

Xometry Stock Up 18.5 %

XMTR stock traded up $4.78 on Wednesday, hitting $30.62. 1,588,701 shares of the company's stock were exchanged, compared to its average volume of 603,439. Xometry has a 12-month low of $11.08 and a 12-month high of $38.74. 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 $1.51 billion, a P/E ratio of -28.34 and a beta of 0.55. The firm has a 50 day moving average price of $19.14 and a two-hundred day moving average price of $16.55.

Xometry (NASDAQ:XMTR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.09. The business had revenue of $141.70 million during the quarter, compared to analyst estimates of $137.17 million. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. As a group, equities research analysts expect that Xometry will post -0.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the sale, the chief technology officer now owns 82,918 shares of the company's stock, valued at $1,529,837.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.79% of the stock is currently owned by company insiders.

Institutional Trading of Xometry

A number of institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of Xometry in the second quarter worth about $38,000. ProShare Advisors LLC bought a new stake in Xometry during the 2nd quarter valued at $53,000. Point72 Asset Management L.P. acquired a new position in shares of Xometry during the second quarter valued at approximately $55,000. US Bancorp DE boosted its holdings in Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company's stock worth $102,000 after buying an additional 2,037 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Xometry during the third quarter valued at approximately $153,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.