Brokerages Set Xometry, Inc. (NASDAQ:XMTR) PT at $24.33

Shares of Xometry, Inc. (NASDAQ:XMTR) have received an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.71.

A number of equities analysts have issued reports on XMTR shares. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 target price on shares of Xometry in a research report on Tuesday, April 23rd. Craig Hallum cut their target price on shares of Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. TheStreet downgraded Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. The Goldman Sachs Group lowered their target price on shares of Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, Citigroup dropped their target price on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th.

Insider Buying and Selling

In other Xometry news, insider Subir Dutt acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of $15.55 per share, with a total value of $155,500.00. Following the acquisition, the insider now directly owns 46,864 shares of the company’s stock, valued at approximately $728,735.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO Peter Goguen sold 3,943 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the sale, the chief operating officer now directly owns 197,211 shares of the company’s stock, valued at approximately $3,472,885.71. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Subir Dutt acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $15.55 per share, for a total transaction of $155,500.00. Following the purchase, the insider now directly owns 46,864 shares of the company’s stock, valued at $728,735.20. The disclosure for this purchase can be found here. Insiders have sold a total of 5,243 shares of company stock valued at $93,002 in the last quarter. Company insiders own 19.23% of the company’s stock.

Hedge Funds Weigh In On Xometry

Hedge funds have recently modified their holdings of the company. Sylebra Capital LLC boosted its stake in Xometry by 1,005.3% during the first quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock valued at $10,882,000 after buying an additional 585,971 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Xometry by 20.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after purchasing an additional 217,939 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Xometry in the 1st quarter worth approximately $169,000. Vanguard Group Inc. lifted its stake in Xometry by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after purchasing an additional 76,976 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Xometry by 22.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after buying an additional 2,140 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Stock Down 4.5 %

Shares of NASDAQ:XMTR opened at $14.22 on Tuesday. The company has a 50 day moving average of $16.49 and a two-hundred day moving average of $23.60. Xometry has a 52-week low of $13.43 and a 52-week high of $38.74. The company has a quick ratio of 4.30, a current ratio of 4.34 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $655.83 million, a price-to-earnings ratio of -10.46 and a beta of 0.59.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. The firm had revenue of $122.69 million for the quarter, compared to the consensus estimate of $119.00 million. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. As a group, analysts forecast that Xometry will post -0.99 earnings per share for the current fiscal year.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.