Xometry (NASDAQ:XMTR) Trading 3.1% Higher

Xometry, Inc. (NASDAQ:XMTR)’s stock price traded up 3.1% during mid-day trading on Tuesday . The company traded as high as $11.69 and last traded at $11.63. 31,061 shares traded hands during trading, a decline of 95% from the average session volume of 661,766 shares. The stock had previously closed at $11.28.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. 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 started coverage on Xometry in a report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 target price on the stock. Citigroup reduced their target price on Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. Craig Hallum reduced 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. Finally, UBS Group reduced 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.71.

Xometry Stock Performance

The company has a current ratio of 4.34, a quick ratio of 4.30 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average of $14.89 and a two-hundred day moving average of $22.13.

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

Insider Buying and Selling

In related news, insider Subir Dutt bought 10,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of $15.55 per share, with a total value of $155,500.00. Following the transaction, the insider now directly owns 46,864 shares in the company, valued at $728,735.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 2,286 shares of company stock valued at $27,662 in the last three months. Insiders own 19.23% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quest Partners LLC bought a new position in Xometry during the 4th quarter worth $125,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Xometry in the 1st quarter worth about $169,000. State Board of Administration of Florida Retirement System raised its position in shares of Xometry by 22.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Xometry by 13.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after acquiring an additional 894 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Xometry by 50,118.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock worth $289,000 after acquiring an additional 8,019 shares in the last quarter. 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.