Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Sanjeev Singh Sahni sold 1,500 shares of Xometry stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $90.19, for a total value of $135,285.00. Following the transaction, the chief executive officer directly owned 182,403 shares of the company's stock, valued at $16,450,926.57. The trade was a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Xometry Stock Down 4.2%
Shares of NASDAQ:XMTR opened at $85.95 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08. The company has a market cap of $4.45 billion, a price-to-earnings ratio of -143.25 and a beta of 1.30. The firm has a fifty day moving average price of $91.59 and a two-hundred day moving average price of $69.85.
Xometry (NASDAQ:XMTR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The company had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Xometry's revenue was up 41.1% on a year-over-year basis. Analysts anticipate that Xometry, Inc. will post -0.02 EPS for the current fiscal year.
Institutional Investors Weigh In On Xometry
A number of large investors have recently made changes to their positions in the business. CoreCap Advisors LLC bought a new position in shares of Xometry during the second quarter valued at approximately $97,000. PVG Asset Management Corp purchased a new position in Xometry during the 1st quarter valued at $703,000. Bank of America Corp DE raised its holdings in Xometry by 23.7% in the 1st 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 in the last quarter. Sylebra Capital LLC lifted its position in shares of Xometry by 31.3% in the 1st 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 boosted its stake in shares of Xometry by 21.8% during the 1st quarter. California State Teachers Retirement System now owns 51,770 shares of the company's stock valued at $2,114,000 after purchasing an additional 9,283 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on XMTR. Weiss Ratings reiterated a "sell (d-)" rating on shares of Xometry in a report on Friday, May 29th. Citigroup boosted their price objective on Xometry from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Wedbush assumed coverage on Xometry in a research note on Thursday, July 16th. They set an "outperform" rating and a $126.00 price objective for the company. UBS Group raised their target price on shares of Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald lifted their target price on shares of Xometry from $85.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Six research 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $101.88.
View Our Latest 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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