Xometry (NASDAQ:XMTR) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Xometry (NASDAQ:XMTR) had its price objective increased by Royal Bank of Canada from $23.00 to $27.00 in a report published on Wednesday,Benzinga reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also recently weighed in on XMTR. Craig Hallum raised their price objective on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. 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. Finally, Cantor Fitzgerald restated an “underweight” rating and set a $12.00 target price on shares of Xometry in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.29.

Xometry Stock Down 0.0 %

Shares of NASDAQ XMTR opened at $30.59 on Wednesday. The business has a fifty day moving average of $19.77 and a two-hundred day moving average of $16.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.60 and a current ratio of 4.59. Xometry has a 52-week low of $11.08 and a 52-week high of $38.74. The stock has a market cap of $1.51 billion, a PE ratio of -29.13 and a beta of 0.55.

Xometry (NASDAQ:XMTR) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.13. The business had revenue of $132.60 million for the quarter, compared to the consensus estimate of $128.65 million. Xometry had a negative return on equity of 10.16% and a negative net margin of 9.72%. Xometry’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.55) EPS. As a group, equities research analysts expect that Xometry will post -0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. 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

A number of institutional investors have recently bought and sold shares of XMTR. Vanguard Group Inc. grew its stake in Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after acquiring an additional 76,976 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after purchasing an additional 217,939 shares in the last quarter. ARK Investment Management LLC grew its position in shares of Xometry by 74.9% in the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock valued at $3,063,000 after purchasing an additional 113,478 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Xometry by 191.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock worth $3,981,000 after purchasing an additional 142,262 shares in the last quarter. Finally, Sylebra Capital LLC raised its holdings in 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 buying an additional 864,454 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.