Key Points
- Director Lukas Alexander Biewald bought 47,058 shares of Xometry at $85.00 each, a transaction worth about $4.0 million. After the purchase, he owned 55,134 shares, marking a 582.69% increase in his position.
- Xometry’s latest quarterly results beat expectations, with EPS of $0.12 versus the $0.07 estimate and revenue of $205.14 million versus $188.46 million expected. Revenue also rose 35.9% year over year, though the company remained unprofitable.
- Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $76.00. Shares were trading around $82.70, near the top of their 12-month range of $29.60 to $99.86.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Lukas Alexander Biewald acquired 47,058 shares of the stock in a transaction on Wednesday, June 3rd. The shares were bought at an average price of $85.00 per share, with a total value of $3,999,930.00. Following the purchase, the director directly owned 55,134 shares of the company's stock, valued at $4,686,390. The trade was a 582.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Xometry Stock Up 0.5%
Shares of NASDAQ:XMTR opened at $82.70 on Friday. The stock has a fifty day simple moving average of $62.94 and a two-hundred day simple moving average of $58.69. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of -81.08 and a beta of 1.27. Xometry, Inc. has a 12-month low of $29.60 and a 12-month high of $99.86. 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 (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. On average, research analysts anticipate that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.
Institutional Trading of Xometry
A number of institutional investors and hedge funds have recently modified their holdings of XMTR. Kemnay Advisory Services Inc. bought a new stake in shares of Xometry in the 4th quarter worth $28,000. Quantbot Technologies LP bought a new stake in shares of Xometry in the third quarter worth $30,000. GAMMA Investing LLC grew its holdings in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $46,000 after acquiring an additional 162 shares during the period. Leonteq Securities AG bought a new stake in shares of Xometry in the fourth quarter worth $59,000. Finally, Comerica Bank grew its holdings in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company's stock worth $62,000 after acquiring an additional 173 shares during the period. Institutional investors own 97.31% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on XMTR. Zacks Research raised Xometry from a "strong sell" rating to a "hold" rating in a report on Monday, March 2nd. Wedbush reduced their target price on Xometry from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. Royal Bank Of Canada lifted their target price on Xometry from $55.00 to $85.00 and gave the stock a "sector perform" rating in a report on Friday, May 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of Xometry in a report on Friday, May 29th. Finally, Citizens Jmp lifted their target price on Xometry from $75.00 to $100.00 and gave the stock a "market outperform" rating in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $76.00.
Read Our Latest 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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