Key Points
- Xometry CEO Randolph Altschuler sold 50,000 shares on May 21 at an average price of $87.85, totaling about $4.39 million. After the sale, he still owned 455,248 shares, and the transaction cut his stake by 9.9%.
- The company reported stronger-than-expected quarterly results on May 7, posting EPS of $0.12 versus the $0.07 consensus and revenue of $205.14 million versus $188.46 million expected. Revenue rose 35.9% year over year, though Xometry remained unprofitable.
- Wall Street sentiment is mixed but leaning cautious, with an average analyst rating of “Hold” and a consensus price target of $76.00. Shares were trading near $89, above both the consensus target and the company’s 12-month low.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Randolph Altschuler sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $87.85, for a total value of $4,392,500.00. Following the sale, the chief executive officer directly owned 455,248 shares of the company's stock, valued at $39,993,536.80. The trade was a 9.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Randolph Altschuler also recently made the following trade(s):
- On Thursday, February 26th, Randolph Altschuler sold 31,928 shares of Xometry stock. The shares were sold at an average price of $43.44, for a total value of $1,386,952.32.
Xometry Stock Performance
Shares of XMTR opened at $89.21 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -87.46 and a beta of 1.01. The stock has a 50 day moving average of $53.71 and a 200 day moving average of $56.92. Xometry, Inc. has a 12 month low of $29.60 and a 12 month high of $93.13.
Xometry (NASDAQ:XMTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The company had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.Xometry's revenue was up 35.9% on a year-over-year basis. During the same period last year, the business posted ($0.05) earnings per share. As a group, sell-side analysts forecast that Xometry, Inc. will post -0.11 earnings per share for the current year.
Institutional Trading of Xometry
A number of large investors have recently bought and sold shares of XMTR. Kemnay Advisory Services Inc. purchased a new stake in Xometry in the fourth quarter worth $28,000. Quantbot Technologies LP purchased a new stake in Xometry in the third quarter worth $30,000. GAMMA Investing LLC increased its position in Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $46,000 after buying an additional 162 shares during the last quarter. Leonteq Securities AG purchased a new stake in Xometry in the fourth quarter worth $59,000. Finally, Comerica Bank increased its position in Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company's stock worth $62,000 after buying an additional 173 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently commented on XMTR. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Citigroup increased their price target on Xometry from $65.00 to $98.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Wedbush decreased their price target on Xometry from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 25th. Cantor Fitzgerald raised Xometry from a "neutral" rating to an "overweight" rating and set a $62.00 price target for the company in a research report on Thursday, April 30th. Finally, Zacks Research raised Xometry from a "strong sell" rating to a "hold" rating in a research report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Xometry has an average rating of "Hold" and a consensus price target of $76.00.
Read Our Latest Analysis on Xometry
Xometry Company Profile
(
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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