Xometry, Inc. (NASDAQ:XMTR) Given Average Rating of “Hold” by Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTR) have been assigned an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.71.

A number of research analysts have weighed in on XMTR shares. UBS Group lowered their target price on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. The Goldman Sachs Group lowered their target price on Xometry from $46.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Craig Hallum lowered their target price on Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, May 10th. JMP Securities reissued a “market outperform” rating and issued a $30.00 target price on shares of Xometry in a report on Tuesday, April 23rd. Finally, Cantor Fitzgerald began coverage on Xometry in a report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 target price on the stock.

Insiders Place Their Bets

In related news, insider Subir Dutt purchased 10,000 shares of Xometry stock in a transaction on Thursday, May 30th. The stock was acquired at an average price of $15.55 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the insider now directly owns 46,864 shares in the company, valued at approximately $728,735.20. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 2,286 shares of company stock worth $35,940 over the last quarter. 19.23% of the stock is currently owned by corporate insiders.

Institutional Trading of Xometry

Several institutional investors have recently made changes to their positions in XMTR. Quest Partners LLC purchased a new stake in shares of Xometry during the fourth quarter worth about $125,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Xometry during the first quarter worth about $169,000. State Board of Administration of Florida Retirement System grew its position in shares of Xometry by 22.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after purchasing an additional 2,140 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Xometry during the third quarter worth about $220,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 purchasing an additional 894 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Trading Down 8.4 %

Shares of NASDAQ:XMTR opened at $11.56 on Friday. The company has a market cap of $533.19 million, a P/E ratio of -8.50 and a beta of 0.58. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.34 and a quick ratio of 4.30. Xometry has a 1 year low of $11.19 and a 1 year high of $38.74. The stock’s fifty day moving average price is $15.20 and its 200-day moving average price is $22.49.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results 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 firm had revenue of $122.69 million for 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%. Sell-side analysts expect that Xometry will post -0.99 earnings per share for the current year.

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.