Xometry (NASDAQ:XMTR) Shares Up 7.1% – Still a Buy?

Shares of Xometry, Inc. (NASDAQ:XMTR) traded up 7.1% during trading on Friday . The stock traded as high as $21.24 and last traded at $21.08. 174,559 shares were traded during trading, a decline of 70% from the average session volume of 588,792 shares. The stock had previously closed at $19.68.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XMTR. JMP Securities raised their price objective on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Cantor Fitzgerald decreased their target price on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.86.

Xometry Stock Performance

The business’s fifty day moving average is $19.00 and its 200-day moving average is $16.43. The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89. The company has a market cap of $1.11 billion, a PE ratio of -20.62 and a beta of 0.55.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.13. The business had revenue of $132.60 million for the quarter, compared to analysts’ expectations of $128.65 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.55) EPS. As a group, research analysts predict that Xometry, Inc. will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Matthew Leibel sold 3,400 shares of Xometry 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 transaction, the chief technology officer now owns 82,918 shares in the company, valued at approximately $1,529,837.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.79% of the stock is currently owned by insiders.

Institutional Trading of Xometry

A number of large investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC boosted its stake in Xometry by 7.2% during the third quarter. ARK Investment Management LLC now owns 284,134 shares of the company’s stock worth $5,220,000 after buying an additional 19,197 shares during the period. US Bancorp DE lifted its holdings in shares of 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 during the last quarter. Palumbo Wealth Management LLC bought a new stake in shares of Xometry in the 3rd quarter worth about $191,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Xometry by 191.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock worth $3,981,000 after purchasing an additional 142,262 shares during the period. Finally, Raymond James & Associates grew its holdings in Xometry by 0.6% during the 3rd quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock valued at $5,290,000 after purchasing an additional 1,586 shares during the last quarter. 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.