Xometry (NASDAQ:XMTR) Shares Gap Down to $13.64

Shares of Xometry, Inc. (NASDAQ:XMTR) gapped down prior to trading on Friday . The stock had previously closed at $13.64, but opened at $12.32. Xometry shares last traded at $12.61, with a volume of 27,773 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $27.00 target price on shares of Xometry in a report on Tuesday, July 23rd. 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. Cantor Fitzgerald assumed coverage on shares of Xometry in a report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 target price on the stock. Finally, Craig Hallum dropped their target price on shares of Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.29.

Xometry Stock Performance

The company has a current ratio of 4.34, a quick ratio of 4.30 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average is $13.75 and its two-hundred day moving average is $19.35. The company has a market cap of $597.72 million, a PE ratio of -9.01 and a beta of 0.52.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $122.69 million for the quarter, compared to analysts’ expectations of $119.00 million. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. On average, equities research analysts anticipate that Xometry, Inc. will post -0.99 EPS for the current year.

Insider Buying and Selling at Xometry

In related news, insider Subir Dutt acquired 10,000 shares of the stock in a transaction dated 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 purchase, the insider now directly owns 46,864 shares of the company’s stock, valued at $728,735.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 2,286 shares of company stock worth $27,662. Insiders own 19.23% of the company’s stock.

Hedge Funds Weigh In On Xometry

Hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Xometry during the second quarter valued at $38,000. Quest Partners LLC bought a new position in Xometry in the 4th quarter worth about $125,000. Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Xometry during the first quarter worth approximately $169,000. State Board of Administration of Florida Retirement System raised its stake in shares of Xometry by 22.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after acquiring an additional 2,140 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Xometry by 13.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock valued at $266,000 after purchasing an additional 894 shares during the period. 97.31% of the stock is currently owned by institutional investors.

Xometry Company Profile

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.