Key Points
- Xometry CFO James Miln sold 1,500 shares on June 1 at an average price of $96.90, totaling $145,350. After the sale, he still held 183,023 shares worth about $17.7 million.
- The company recently reported strong quarterly results, posting EPS of $0.12 versus the $0.07 estimate and revenue of $205.14 million, up 35.9% year over year.
- Analyst sentiment is mixed but improving: several firms raised price targets, and the stock now carries a consensus "Hold" rating with an average target price of $76.00.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CFO James Miln sold 1,500 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $96.90, for a total transaction of $145,350.00. Following the sale, the chief financial officer directly owned 183,023 shares in the company, valued at approximately $17,734,928.70. This represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
James Miln also recently made the following trade(s):
- On Monday, May 11th, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $79.69, for a total transaction of $119,535.00.
Xometry Trading Down 3.2%
NASDAQ:XMTR opened at $82.25 on Thursday. The company has a market capitalization of $4.26 billion, a P/E ratio of -80.64 and a beta of 1.27. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. Xometry, Inc. has a 12 month low of $29.60 and a 12 month high of $99.86. The firm has a fifty day simple moving average of $62.11 and a 200-day simple moving average of $58.53.
Xometry (NASDAQ:XMTR - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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 return on equity of 4.37% and a negative net margin of 7.01%.The firm's revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. On average, equities research analysts anticipate that Xometry, Inc. will post -0.11 earnings per share for the current year.
Institutional Inflows and Outflows
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 4th quarter worth approximately $28,000. Quantbot Technologies LP purchased a new position in shares of Xometry during the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC increased its holdings in shares of Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company's stock valued at $46,000 after purchasing an additional 162 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Xometry in the 4th quarter valued at $59,000. Finally, Comerica Bank boosted its holdings in Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company's stock worth $62,000 after buying an additional 173 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently issued reports on XMTR shares. Citizens Jmp raised their price objective on Xometry from $75.00 to $100.00 and gave the stock a "market outperform" rating in a research note on Friday, May 8th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $78.00 target price on shares of Xometry in a research report on Friday, May 8th. Cantor Fitzgerald raised shares of 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. Zacks Research upgraded shares of Xometry from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Finally, Citigroup upped their price objective on shares of Xometry from $65.00 to $98.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Xometry currently has an average rating of "Hold" and a consensus target price of $76.00.
Get Our Latest Stock Report 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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