Xometry (NASDAQ:XMTR) Earns “Underweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their underweight rating on shares of Xometry (NASDAQ:XMTR) in a research note released on Wednesday morning, Benzinga reports. They currently have a $12.00 price objective on the stock.

Other equities analysts also recently issued reports about the company. JMP Securities lifted their target price on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Craig Hallum boosted their price target on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.29.

Xometry Stock Performance

Shares of Xometry stock opened at $30.62 on Wednesday. The firm has a market cap of $1.51 billion, a PE ratio of -28.09 and a beta of 0.55. Xometry has a 1 year low of $11.08 and a 1 year high of $38.74. The firm’s 50-day simple moving average is $19.14 and its 200-day simple moving average is $16.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.09. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. The firm had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $137.17 million. Equities analysts forecast that Xometry will post -0.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the transaction, the chief technology officer now owns 82,918 shares in the company, valued at $1,529,837.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Xometry by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after purchasing an additional 76,976 shares during the last quarter. Clearbridge Investments LLC increased its position in Xometry by 20.7% during the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after buying an additional 217,939 shares during the last quarter. ARK Investment Management LLC raised its holdings in Xometry by 74.9% during the second quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock valued at $3,063,000 after buying an additional 113,478 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Xometry by 191.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock worth $3,981,000 after buying an additional 142,262 shares during the last quarter. Finally, Sylebra Capital LLC boosted its stake in shares of Xometry by 134.2% during the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after acquiring an additional 864,454 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.