Xometry (NASDAQ:XMTR) Reaches New 1-Year Low at $12.32

Xometry, Inc. (NASDAQ:XMTR) hit a new 52-week low during trading on Thursday . The stock traded as low as $12.32 and last traded at $12.49, with a volume of 48716 shares. The stock had previously closed at $12.55.

Analyst Ratings Changes

Several equities research analysts recently commented on XMTR shares. Royal Bank of Canada cut their price target 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. 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. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 target price on shares of Xometry in a research note on Tuesday, April 23rd. UBS Group lowered their target price on shares of Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Finally, Citigroup lowered their target price on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.71.

Xometry Stock Performance

The firm’s 50-day moving average price is $15.71 and its two-hundred day moving average price is $23.03. The company has a current ratio of 4.34, a quick ratio of 4.30 and a debt-to-equity ratio of 0.88.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, May 9th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. The company had revenue of $122.69 million for the quarter, compared to analysts’ expectations of $119.00 million. As a group, analysts forecast that Xometry, Inc. will post -0.99 earnings per share for the current year.

Insiders Place Their Bets

In other Xometry news, insider Subir Dutt purchased 10,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $15.55 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the insider now directly owns 46,864 shares of the company’s stock, valued at $728,735.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 19.23% of the company’s stock.

Institutional Trading of Xometry

Large investors have recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in shares of Xometry during the fourth quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Xometry by 13.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock valued at $266,000 after purchasing an additional 894 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Xometry by 50,118.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock valued at $289,000 after acquiring an additional 8,019 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Xometry in the first quarter valued at approximately $169,000. Finally, Natixis Advisors L.P. acquired a new stake in shares of Xometry in the fourth quarter valued at approximately $361,000. 97.31% of the stock is currently 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.