Key Points
- Xometry CEO Sanjeev Sahni sold 1,500 shares at an average price of $85.23, generating $127,845. He retained 180,903 shares, with the transaction reducing his position by 0.82%.
- Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year, and EPS of $0.16, exceeding analyst expectations of $215.22 million in revenue and $0.15 EPS.
- Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $108.33, while institutional investors own 97.31% of the company.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Sanjeev Sahni sold 1,500 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $85.23, for a total value of $127,845.00. Following the completion of the sale, the chief executive officer owned 180,903 shares in the company, valued at $15,418,362.69. This represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sanjeev Singh Sahni also recently made the following trade(s):
- On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $90.19, for a total value of $135,285.00.
Xometry Trading Up 6.4%
XMTR stock opened at $93.15 on Thursday. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of -155.25 and a beta of 1.32. 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 fifty day moving average price of $90.75 and a two-hundred day moving average price of $74.48.
Xometry (NASDAQ:XMTR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 company had revenue of $229.28 million during the quarter, compared to analysts' expectations of $215.22 million. During the same period in the previous year, the company earned $0.09 EPS. The business's revenue for the quarter was up 41.1% compared to the same quarter last year. Equities analysts anticipate that Xometry, Inc. will post -0.01 EPS for the current year.
Analyst Upgrades and Downgrades
XMTR has been the subject of a number of recent analyst reports. 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, August 5th. UBS Group upped their target price on Xometry from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Rosenblatt Securities started coverage on Xometry in a report on Thursday, August 20th. They issued a "buy" rating and a $110.00 target price for the company. Citigroup boosted their price target on Xometry from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Xometry in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $108.33.
Get Our Latest Stock Report on Xometry
Hedge Funds Weigh In On Xometry
A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Xometry in the 2nd quarter worth about $36,000. Leonteq Securities AG bought a new position in Xometry during the 4th quarter valued at $59,000. CoreCap Advisors LLC purchased a new position in Xometry during the second quarter worth about $97,000. Nykredit A S purchased a new stake in Xometry in the 2nd quarter valued at about $103,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Xometry by 74.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company's stock worth $67,000 after buying an additional 697 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.
About Xometry
(
Get Free Report)
Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.
The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.
Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.
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