Key Points
- Insider selling: Xometry insider Subir Dutt sold 5,000 shares on May 11 at an average price of $79.86, totaling about $399,300. The sale reduced his stake by 4.56%, and he has also made additional recent sales.
- Strong quarterly results: Xometry reported first-quarter earnings of $0.12 per share, beating estimates of $0.07, and revenue of $205.14 million, above expectations. Revenue climbed 35.9% year over year.
- Wall Street sentiment remains positive: Citigroup raised its price target to $98 and kept a buy rating, while the stock hit a new 52-week high. Overall, analysts currently rate Xometry as a Hold on average with a $76 target price.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CFO James Miln sold 1,500 shares of the company's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $79.69, for a total transaction of $119,535.00. Following the completion of the transaction, the chief financial officer directly owned 184,523 shares in the company, valued at $14,704,637.87. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
James Miln also recently made the following trade(s):
- On Thursday, February 26th, James Miln sold 15,103 shares of Xometry stock. The stock was sold at an average price of $43.46, for a total transaction of $656,376.38.
Xometry Trading Up 2.7%
Xometry stock opened at $86.19 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of -84.50 and a beta of 1.01. Xometry, Inc. has a one year low of $29.60 and a one year high of $89.79. The company's fifty day moving average price is $47.36 and its two-hundred day moving average price is $55.05.
Xometry (NASDAQ:XMTR - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The business's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) earnings per share. On average, analysts forecast that Xometry, Inc. will post -0.27 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Xometry
Hedge funds and other institutional investors have recently made changes to their positions in the business. Kemnay Advisory Services Inc. acquired a new stake in shares of Xometry in the fourth quarter valued at about $28,000. Quantbot Technologies LP bought a new stake in shares of Xometry in the third quarter valued at about $30,000. GAMMA Investing LLC lifted its stake 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 period. Global Retirement Partners LLC bought a new stake in shares of Xometry in the third quarter valued at about $47,000. Finally, Leonteq Securities AG bought a new stake in shares of Xometry in the fourth quarter valued at about $59,000. 97.31% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
XMTR has been the topic of several analyst reports. Zacks Research raised shares of Xometry from a "strong sell" rating to a "hold" rating in a research report on Monday, March 2nd. UBS Group increased their target price on shares of Xometry from $54.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a "sell (e+)" rating on shares of Xometry in a research report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Finally, Citigroup raised their price target on Xometry from $65.00 to $98.00 and gave the company a "buy" rating in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Xometry has a consensus rating of "Hold" and an average price target of $76.00.
View Our Latest Research Report on XMTR
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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