Key Points
- Xometry CTO Vaidyanathan Raghavan sold 5,000 shares for $600,000 at an average price of $120 each, reducing his stake by 3.73%; he still held 128,911 shares after the sale.
- The company’s latest quarterly results beat analyst expectations: earnings were $0.28 per share versus $0.19 forecast, while revenue reached $252.44 million, up 39.5% year over year.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $123.64.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CTO Vaidyanathan Raghavan sold 5,000 shares of the company's stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the sale, the chief technology officer owned 128,911 shares of the company's stock, valued at $15,469,320. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Vaidyanathan Raghavan also recently made the following trade(s):
- On Friday, October 2nd, Vaidyanathan Raghavan sold 1,866 shares of Xometry stock. The stock was sold at an average price of $103.28, for a total transaction of $192,720.48.
- On Thursday, August 27th, Vaidyanathan Raghavan sold 5,000 shares of Xometry stock. The shares were sold at an average price of $96.77, for a total transaction of $483,850.00.
Xometry Price Performance
XMTR stock opened at $120.78 on Friday. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of -355.22 and a beta of 1.33. The firm's 50-day moving average price is $100.47 and its two-hundred day moving average price is $78.39. The company has a current ratio of 3.15, a quick ratio of 3.13 and a debt-to-equity ratio of 0.40. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $127.49.
Xometry (NASDAQ:XMTR - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. The company had revenue of $252.44 million during the quarter, compared to analyst estimates of $235.54 million. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. Xometry's revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts predict that Xometry, Inc. will post 0.13 earnings per share for the current year.
Institutional Investors Weigh In On Xometry
Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in Xometry in the second quarter worth about $36,000. IFP Advisors Inc lifted its holdings in Xometry by 687.5% in the third quarter. IFP Advisors Inc now owns 441 shares of the company's stock worth $45,000 after buying an additional 385 shares during the period. Advisors Asset Management Inc. bought a new stake in Xometry during the 3rd quarter valued at approximately $59,000. PNC Financial Services Group Inc. boosted its position in Xometry by 74.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company's stock valued at $67,000 after acquiring an additional 697 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new stake in Xometry during the 2nd quarter valued at approximately $97,000. Institutional investors own 97.31% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Wedbush upped their price target on Xometry from $126.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, November 4th. Royal Bank Of Canada lifted their price objective on Xometry from $100.00 to $117.00 and gave the stock a "hold" rating in a research report on Wednesday, November 4th. Citizens Jmp boosted their target price on Xometry from $120.00 to $135.00 and gave the company a "market outperform" rating in a research note on Wednesday, November 4th. Raymond James Financial set a $120.00 target price on Xometry in a report on Tuesday, September 22nd. Finally, Cantor Fitzgerald upped their target price on Xometry from $110.00 to $114.00 and gave the company an "overweight" rating in a report on Wednesday, November 4th. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.64.
View Our Latest Analysis on XMTR
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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