Key Points
- Xometry Director Emily Rollins sold 5,000 shares at an average price of $84.31, generating $421,550. After the transaction, she retained 15,136 shares, a 24.83% reduction in her position.
- Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year and above expectations, while earnings per share of $0.16 narrowly beat consensus estimates.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $102.78, although the stock recently opened at $83.59 and remains unprofitable on a net-margin basis.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Emily Rollins sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $84.31, for a total value of $421,550.00. Following the completion of the sale, the director owned 15,136 shares in the company, valued at $1,276,116.16. The trade was a 24.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Xometry Price Performance
Shares of XMTR opened at $83.59 on Friday. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $106.08. The stock has a market capitalization of $4.33 billion, a P/E ratio of -139.31 and a beta of 1.29. The company has a 50 day moving average of $91.50 and a 200-day moving average of $70.29.
Xometry (NASDAQ:XMTR - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm's revenue for the quarter was up 41.1% compared to the same quarter last year. As a group, equities research analysts forecast that Xometry, Inc. will post -0.02 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Stephens Investment Management Group LLC boosted its position in shares of Xometry by 115.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company's stock valued at $50,132,000 after acquiring an additional 451,259 shares during the period. Comerica Bank increased its holdings in shares of Xometry by 2,427.4% during the fourth quarter. Comerica Bank now owns 28,812 shares of the company's stock worth $1,713,000 after purchasing an additional 27,672 shares during the period. Quantinno Capital Management LP raised its position in shares of Xometry by 759.5% in the first quarter. Quantinno Capital Management LP now owns 32,694 shares of the company's stock valued at $1,335,000 after buying an additional 28,890 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Xometry by 18.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 156,604 shares of the company's stock valued at $9,313,000 after acquiring an additional 24,566 shares during the period. Finally, Penn Capital Management Company LLC acquired a new stake in Xometry during the fourth quarter worth about $1,899,000. 97.31% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on XMTR shares. Weiss Ratings restated a "sell (d-)" rating on shares of Xometry in a research note on Friday, May 29th. Royal Bank Of Canada upped their price target on shares of Xometry from $85.00 to $100.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 5th. Citizens Jmp increased their price target on shares of Xometry from $75.00 to $100.00 and gave the company a "market outperform" rating in a research note on Friday, May 8th. Citigroup boosted their price objective 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. Finally, The Goldman Sachs Group lifted their price target on Xometry from $78.00 to $104.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Xometry has an average rating of "Moderate Buy" and a consensus price target of $102.78.
Read Our Latest Stock Analysis on XMTR
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
