Key Points
- Xometry Director Fabio Rosati sold 1,800 shares at an average price of $120.52, for proceeds of $216,936. He retained 89,867 shares after the sale.
- Quarterly results beat expectations: Xometry reported EPS of $0.28 versus a $0.19 consensus and revenue of $252.44 million, up 39.5% year over year.
- Analysts’ average rating was Moderate Buy, with an average price target of $123.64; shares opened at $119.31 and were reported down 1.1%.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) Director Fabio Rosati sold 1,800 shares of Xometry stock in a transaction on Monday, November 9th. The stock was sold at an average price of $120.52, for a total transaction of $216,936.00. Following the completion of the transaction, the director directly owned 89,867 shares in the company, valued at approximately $10,830,770.84. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Xometry Trading Down 1.1%
NASDAQ:XMTR opened at $119.31 on Wednesday. The company has a fifty day moving average of $99.27 and a 200 day moving average of $77.80. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $123.39. The company has a quick ratio of 3.13, a current ratio of 3.15 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $6.18 billion, a P/E ratio of -350.90 and a beta of 1.33.
Xometry (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $252.44 million during the quarter, compared to analysts' expectations of $235.54 million. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. The firm's revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 EPS. On average, research analysts predict that Xometry, Inc. will post 0.02 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on XMTR. UBS Group increased their target price on shares of Xometry from $95.00 to $108.00 and gave the stock a "neutral" rating in a report on Wednesday, November 4th. Zacks Research upgraded Xometry from a "hold" rating to a "strong-buy" rating in a report on Friday, November 6th. Royal Bank Of Canada boosted their price target on Xometry from $100.00 to $117.00 and gave the company a "hold" rating in a report on Wednesday, November 4th. Citizens Jmp upped their price target on Xometry from $120.00 to $135.00 and gave the company a "market outperform" rating in a research report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. increased their price objective on Xometry from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Xometry has an average rating of "Moderate Buy" and an average price target of $123.64.
Read Our Latest Report on Xometry
Institutional Trading of Xometry
Large investors have recently added to or reduced their stakes in the stock. Alpha Financial Partners LLC bought a new position in Xometry in the 3rd quarter worth $211,000. Stephens Investment Management Group LLC lifted its position in shares of Xometry by 0.7% in the 3rd quarter. Stephens Investment Management Group LLC now owns 804,719 shares of the company's stock worth $82,765,000 after purchasing an additional 5,539 shares during the period. Voya Investment Management LLC lifted its position in shares of Xometry by 11.4% in the 3rd quarter. Voya Investment Management LLC now owns 9,836 shares of the company's stock worth $1,012,000 after purchasing an additional 1,003 shares during the period. Cibc World Market Inc. purchased a new stake in shares of Xometry in the 3rd quarter worth about $473,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Xometry by 86.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 224,048 shares of the company's stock valued at $23,044,000 after purchasing an additional 103,827 shares in the last quarter. Institutional investors own 97.31% of the company's stock.
Xometry Company Profile
(
Get Free Report)
Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.
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