Key Points
- Director Randolph Altschuler sold 10,000 Xometry shares at an average price of $90.82, generating $908,200 and reducing his stake by 1.78% to 551,270 shares.
- Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year, and adjusted earnings of $0.16 per share, slightly exceeding analyst expectations.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $108.33, while institutional investors own approximately 97.31% of the company.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Randolph Altschuler sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $90.82, for a total value of $908,200.00. Following the completion of the transaction, the director owned 551,270 shares in the company, valued at approximately $50,066,341.40. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Randolph Altschuler also recently made the following trade(s):
- On Thursday, July 2nd, Randolph Altschuler sold 5,722 shares of Xometry stock. The stock was sold at an average price of $93.30, for a total value of $533,862.60.
Xometry Stock Up 0.9%
Shares of XMTR opened at $93.04 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of -155.06 and a beta of 1.32. The stock has a 50 day moving average price of $91.59 and a 200 day moving average price of $72.18.
Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The firm's revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. Equities research analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on XMTR. Cantor Fitzgerald raised their price target 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. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Xometry in a research note on Wednesday, August 26th. Royal Bank Of Canada increased their price objective on shares of Xometry from $85.00 to $100.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Citizens Jmp raised their target price on shares of Xometry from $75.00 to $100.00 and gave the stock a "market outperform" rating in a research note on Friday, May 8th. Finally, UBS Group boosted their target price on Xometry from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $108.33.
Get Our Latest Stock Report on XMTR
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of XMTR. Royal Bank of Canada grew its holdings in shares of Xometry by 5.0% in the first quarter. Royal Bank of Canada now owns 60,669 shares of the company's stock valued at $1,511,000 after purchasing an additional 2,899 shares during the period. AQR Capital Management LLC acquired a new stake in Xometry during the first quarter worth about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Xometry by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company's stock worth $649,000 after purchasing an additional 1,877 shares during the period. Goldman Sachs Group Inc. raised its stake in Xometry by 26.6% during the first quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company's stock worth $11,281,000 after purchasing an additional 95,154 shares during the period. Finally, Invesco Ltd. boosted its holdings in Xometry by 476.1% in the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company's stock valued at $8,055,000 after purchasing an additional 197,013 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.
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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