Xometry (NASDAQ:XMTR) Stock Price Expected to Rise, Craig Hallum Analyst Says

Xometry (NASDAQ:XMTR) had its price objective increased by stock analysts at Craig Hallum from $20.00 to $30.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s target price suggests a potential downside of 1.96% from the stock’s current price.

Several other equities analysts have also issued reports on the company. JMP Securities lifted their price target on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report 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 for the company in a report on Friday, August 9th. 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 company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.29.

Xometry Price Performance

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

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

Insider Transactions at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the sale, the chief technology officer now owns 82,918 shares in the company, valued at approximately $1,529,837.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Xometry during the 2nd quarter valued at about $38,000. ProShare Advisors LLC bought a new stake in Xometry during the second quarter valued at approximately $53,000. Point72 Asset Management L.P. bought a new position in Xometry in the second quarter worth approximately $55,000. US Bancorp DE boosted its stake in shares of Xometry by 57.7% during 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. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Xometry during the 2nd quarter valued at $129,000. Institutional investors own 97.31% of the company’s stock.

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.