Key Points
- Xometry CFO James Miln sold 1,500 shares at an average price of $87.92, generating $131,880. He retained 177,631 shares worth approximately $15.6 million and has made several additional sales in recent months.
- Xometry reported quarterly EPS of $0.16, exceeding estimates by $0.01, while revenue rose 41.1% year over year to $229.28 million. Despite the strong growth, the company posted a negative net margin of 3.82%.
- Analysts have a consensus “Hold” rating and an average price target of $101.88, while institutional investors own 97.31% of Xometry’s outstanding shares.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CFO James Miln sold 1,500 shares of Xometry stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $87.92, for a total value of $131,880.00. Following the transaction, the chief financial officer owned 177,631 shares in the company, valued at approximately $15,617,317.52. This represents a 0.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
James Miln also recently made the following trade(s):
- On Thursday, July 2nd, James Miln sold 2,392 shares of Xometry stock. The shares were sold at an average price of $93.29, for a total transaction of $223,149.68.
- On Wednesday, July 1st, James Miln sold 1,500 shares of Xometry stock. The shares were sold at an average price of $97.06, for a total transaction of $145,590.00.
- On Monday, June 1st, James Miln sold 1,500 shares of Xometry stock. The stock was sold at an average price of $96.90, for a total transaction of $145,350.00.
- 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 Price Performance
Shares of XMTR stock opened at $93.14 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 1.76. The company has a market capitalization of $4.83 billion, a PE ratio of -155.23 and a beta of 1.29. The firm's 50-day moving average is $90.54 and its two-hundred day moving average is $68.38. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $106.08.
Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $229.28 million during the quarter, compared to analysts' expectations of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business's revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. Analysts predict that Xometry, Inc. will post -0.13 earnings per share for the current year.
Hedge Funds Weigh In On Xometry
Several large investors have recently made changes to their positions in XMTR. Ameriprise Financial Inc. increased its holdings in Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company's stock valued at $107,029,000 after purchasing an additional 690,558 shares during the last quarter. First Trust Advisors LP lifted its stake in Xometry by 9.2% during the fourth quarter. First Trust Advisors LP now owns 1,576,075 shares of the company's stock worth $93,729,000 after purchasing an additional 132,792 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Xometry by 1.6% during the fourth quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company's stock worth $77,677,000 after buying an additional 20,901 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Xometry during the fourth quarter worth $76,393,000. Finally, State Street Corp grew its stake in shares of Xometry by 1.2% in the fourth quarter. State Street Corp now owns 978,540 shares of the company's stock valued at $58,194,000 after buying an additional 11,272 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on XMTR. Citizens Jmp increased their price objective on Xometry from $75.00 to $100.00 and gave the stock a "market outperform" rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their target price on Xometry from $85.00 to $100.00 and gave the company a "sector perform" rating in a research report on Wednesday. Citigroup upped their price target on Xometry from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday. The Goldman Sachs Group increased their price target on Xometry from $78.00 to $104.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Wedbush started coverage on Xometry in a research report on Thursday, July 16th. They set an "outperform" rating and a $126.00 price objective for the company. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $101.88.
Check Out Our Latest Analysis 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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