Posted by admin on Jun 16th, 2022

Xometry, Inc. (NASDAQ:XMTR – Get Rating) has received an average rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $70.83.

XMTR has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on shares of Xometry from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, June 9th. CL King decreased their price target on shares of Xometry from $65.00 to $55.00 in a report on Thursday, May 12th. Finally, Loop Capital initiated coverage on shares of Xometry in a report on Monday, April 11th. They issued a “buy” rating and a $50.00 price target on the stock.

Xometry stock opened at $33.21 on Thursday. The firm’s 50 day simple moving average is $34.17 and its 200 day simple moving average is $41.78. The company has a current ratio of 7.86, a quick ratio of 7.82 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.47 billion and a PE ratio of -12.08. Xometry has a 1-year low of $26.61 and a 1-year high of $97.57.

Xometry (NASDAQ:XMTR – Get Rating) last posted its earnings results on Thursday, March 17th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). The firm had revenue of $67.10 million for the quarter, compared to the consensus estimate of $66.97 million. Xometry had a negative return on equity of 23.42% and a negative net margin of 27.47%. Research analysts forecast that Xometry will post -1.02 earnings per share for the current year.

In other Xometry news, COO Peter Goguen sold 5,000 shares of the stock in a transaction on Friday, June 10th. The shares were sold at an average price of $33.43, for a total transaction of $167,150.00. Following the completion of the sale, the chief operating officer now owns 136,252 shares of the company’s stock, valued at approximately $4,554,904.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Randolph Altschuler sold 22,715 shares of the stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $35.03, for a total transaction of $795,706.45. Following the sale, the chief executive officer now directly owns 101,582 shares of the company’s stock, valued at approximately $3,558,417.46. The disclosure for this sale can be found here. Insiders sold a total of 96,961 shares of company stock valued at $3,381,821 in the last ninety days.

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. bought a new position in Xometry in the 1st quarter worth $33,000. Royal Bank of Canada raised its holdings in Xometry by 451.3% in the 3rd quarter. Royal Bank of Canada now owns 882 shares of the company’s stock worth $51,000 after purchasing an additional 722 shares in the last quarter. Citigroup Inc. bought a new position in Xometry in the 3rd quarter worth $53,000. Ensign Peak Advisors Inc bought a new position in shares of Xometry in the 1st quarter worth about $61,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Xometry in the 1st quarter worth about $67,000. Institutional investors and hedge funds own 77.31% of the company’s stock.

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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