Key Points
- Director Fabio Rosati sold 8,100 Xometry shares at an average price of $91.45, generating $740,745 and reducing his direct ownership by 7.97%. He also sold an additional 1,900 shares the following day for $170,468.
- Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year and above expectations, while adjusted EPS of $0.16 exceeded the $0.15 consensus estimate. Despite the strong results, the company posted a negative net margin of 3.82%.
- Analysts have an average “Hold” rating and a consensus price target of $101.88, compared with the stock’s opening price of $91.43. Institutional investors own approximately 97.31% of Xometry’s shares.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Fabio Rosati sold 1,900 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $89.72, for a total value of $170,468.00. Following the transaction, the director directly owned 91,667 shares in the company, valued at approximately $8,224,363.24. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Fabio Rosati also recently made the following trade(s):
- On Monday, August 10th, Fabio Rosati sold 8,100 shares of Xometry stock. The stock was sold at an average price of $91.45, for a total value of $740,745.00.
Xometry Stock Up 1.0%
Xometry stock opened at $91.43 on Wednesday. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The company has a market capitalization of $4.74 billion, a P/E ratio of -152.38 and a beta of 1.29. The stock has a 50-day simple moving average of $90.57 and a 200-day simple moving average of $68.85.
Xometry (NASDAQ:XMTR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The firm had revenue of $229.28 million during the quarter, compared to analysts' expectations of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The business's revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. Equities research analysts expect that Xometry, Inc. will post -0.06 earnings per share for the current year.
Institutional Trading of Xometry
A number of hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new position in shares of Xometry in the 2nd quarter valued at approximately $97,000. PVG Asset Management Corp purchased a new stake in shares of Xometry during the first quarter worth approximately $703,000. Bank of America Corp DE lifted its holdings in shares of Xometry by 23.7% during the first quarter. Bank of America Corp DE now owns 235,414 shares of the company's stock worth $9,614,000 after purchasing an additional 45,158 shares during the period. Sylebra Capital LLC lifted its holdings in shares of Xometry by 31.3% during the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company's stock worth $21,875,000 after purchasing an additional 127,637 shares during the period. Finally, California State Teachers Retirement System grew its position in Xometry by 21.8% in the 1st quarter. California State Teachers Retirement System now owns 51,770 shares of the company's stock valued at $2,114,000 after buying an additional 9,283 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. UBS Group increased their price objective on Xometry from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. The Goldman Sachs Group upped their price target on shares of Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Citigroup increased their price target on shares of Xometry from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald raised their price objective on shares of Xometry from $85.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Finally, Wedbush began coverage on shares of Xometry in a research report on Thursday, July 16th. They set an "outperform" rating and a $126.00 price objective on the stock. Six equities 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $101.88.
Read Our Latest Stock Analysis on Xometry
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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