Xometry (NASDAQ:XMTR) Shares Up 3.1%

Xometry, Inc. (NASDAQ:XMTR) shares traded up 3.1% on Tuesday . The company traded as high as $11.69 and last traded at $11.63. 31,061 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 661,766 shares. The stock had previously closed at $11.28.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup lowered their price target on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, May 28th. Cantor Fitzgerald assumed coverage on shares of Xometry in a research report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 price target on the stock. Craig Hallum lowered their price target on shares of Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. UBS Group decreased their target price on shares of Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $30.00 target price on shares of Xometry in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Xometry has a consensus rating of “Hold” and an average price target of $22.71.

Xometry Stock Up 3.6 %

The stock’s fifty day moving average price is $15.10 and its 200 day moving average price is $22.33. The stock has a market cap of $539.14 million, a P/E ratio of -8.60 and a beta of 0.52. The company has a current ratio of 4.34, a quick ratio of 4.30 and a debt-to-equity ratio of 0.88.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The firm had revenue of $122.69 million for the quarter, compared to analyst estimates of $119.00 million. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. As a group, research analysts forecast that Xometry, Inc. will post -0.99 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Subir Dutt purchased 10,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average price of $15.55 per share, with a total value of $155,500.00. Following the transaction, the insider now directly owns 46,864 shares of the company’s stock, valued at approximately $728,735.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 2,286 shares of company stock valued at $35,940. Corporate insiders own 19.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new position in Xometry in the 4th quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Xometry by 13.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after purchasing an additional 894 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Xometry by 50,118.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock worth $289,000 after purchasing an additional 8,019 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in Xometry in the 1st quarter worth $169,000. Finally, Natixis Advisors L.P. bought a new position in Xometry in the 4th quarter worth $361,000. 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.