Xometry, Inc. (NASDAQ:XMTR - Get Free Report) insider Subir Dutt sold 2,410 shares of the firm's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.47, for a total value of $104,762.70. Following the transaction, the insider directly owned 88,633 shares in the company, valued at approximately $3,852,876.51. This represents a 2.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Subir Dutt also recently made the following trade(s):
- On Monday, February 9th, Subir Dutt sold 2,500 shares of Xometry stock. The shares were sold at an average price of $70.00, for a total value of $175,000.00.
- On Monday, January 5th, Subir Dutt sold 3,929 shares of Xometry stock. The shares were sold at an average price of $65.55, for a total value of $257,545.95.
Xometry Trading Down 5.9%
NASDAQ:XMTR opened at $42.57 on Friday. Xometry, Inc. has a 12-month low of $18.59 and a 12-month high of $73.87. The company has a current ratio of 3.76, a quick ratio of 3.58 and a debt-to-equity ratio of 1.18. The stock's 50 day simple moving average is $61.06 and its 200-day simple moving average is $56.04. The firm has a market cap of $2.18 billion, a P/E ratio of -35.73 and a beta of 0.86.
Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The firm had revenue of $192.40 million for the quarter, compared to analyst estimates of $183.37 million. Xometry had a negative net margin of 8.99% and a negative return on equity of 5.49%. Xometry's quarterly revenue was up 29.5% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. Equities analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current year.
Trending Headlines about Xometry
Here are the key news stories impacting Xometry this week:
Analyst Upgrades and Downgrades
Several research firms have issued reports on XMTR. Royal Bank Of Canada dropped their target price on Xometry from $64.00 to $55.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Citigroup dropped their price objective on Xometry from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on Xometry from $49.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, November 5th. Cantor Fitzgerald upped their target price on Xometry from $41.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, November 5th. Finally, Wedbush cut their price target on Xometry from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.00.
Read Our Latest Analysis on XMTR
Institutional Trading of Xometry
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XMTR. Kemnay Advisory Services Inc. acquired a new position in Xometry in the 4th quarter valued at about $28,000. Quantbot Technologies LP acquired a new stake in shares of Xometry during the 3rd quarter worth about $30,000. Westend Capital Management LLC purchased a new stake in shares of Xometry during the third quarter worth about $41,000. GAMMA Investing LLC raised its position in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company's stock valued at $46,000 after buying an additional 162 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Xometry in the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 97.31% of the company's stock.
About Xometry
(
Get Free Report)
Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.
Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.
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