Xometry (NASDAQ:XMTR) PT Raised to $32.00 at JMP Securities

Xometry (NASDAQ:XMTR) had its price target lifted by JMP Securities from $27.00 to $32.00 in a research note published on Friday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Separately, Cantor Fitzgerald reduced their price target on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Xometry has an average rating of “Hold” and a consensus price target of $22.86.

Xometry Stock Performance

Shares of XMTR stock opened at $21.04 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -19.30 and a beta of 0.57. Xometry has a 52 week low of $11.08 and a 52 week high of $38.74. The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $18.71 and a 200-day moving average of $16.26.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.13. The company had revenue of $132.60 million during the quarter, compared to the consensus estimate of $128.65 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.55) EPS. On average, equities analysts forecast that Xometry will post -0.81 earnings per share for the current year.

Insider Activity at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Institutional investors have recently modified their holdings of the stock. Sylebra Capital LLC lifted its holdings in shares of Xometry by 134.2% during the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after purchasing an additional 864,454 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Xometry in the fourth quarter worth about $21,165,000. Bellecapital International Ltd. purchased a new stake in shares of Xometry during the second quarter worth about $6,281,000. Clearbridge Investments LLC grew its holdings in 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 buying an additional 217,939 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Xometry in the 2nd quarter worth approximately $2,013,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.