Cantor Fitzgerald Reaffirms Underweight Rating for Xometry (NASDAQ:XMTR)

Xometry (NASDAQ:XMTR)‘s stock had its “underweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $12.00 target price on the stock. Cantor Fitzgerald’s price target indicates a potential downside of 60.78% from the stock’s current price.

XMTR has been the topic of several other research reports. Craig Hallum boosted their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. JMP Securities upped their target price on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.29.

Xometry Stock Down 0.1 %

XMTR stock opened at $30.60 on Wednesday. The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89. Xometry has a 52 week low of $11.08 and a 52 week high of $38.74. The stock has a market capitalization of $1.51 billion, a PE ratio of -28.39 and a beta of 0.55. The firm has a 50 day moving average of $19.35 and a 200 day moving average of $16.65.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.13. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The business had revenue of $132.60 million during the quarter, compared to the consensus estimate of $128.65 million. During the same period in the previous year, the firm posted ($0.55) earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Sell-side analysts forecast that Xometry will post -0.81 earnings per share for the current year.

Insider Buying and Selling at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the sale, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at approximately $1,529,837.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 16.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xometry

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James & Associates increased its position in shares of Xometry by 0.6% in the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock valued at $5,290,000 after buying an additional 1,586 shares in the last quarter. Sei Investments Co. increased its holdings in Xometry by 0.8% in the 2nd quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock worth $2,474,000 after acquiring an additional 1,708 shares in the last quarter. US Bancorp DE increased its holdings in Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after acquiring an additional 2,037 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in 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 acquiring an additional 2,140 shares during the period. Finally, nVerses Capital LLC purchased a new position in Xometry during the second quarter valued at $38,000. 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.