Posted by admin on Jun 6th, 2022

Xometry, Inc. (NASDAQ:XMTR – Get Rating) Director George Hornig sold 10,000 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $32.95, for a total value of $329,500.00. Following the transaction, the director now owns 124,851 shares in the company, valued at approximately $4,113,840.45. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of XMTR stock traded down $0.37 during trading hours on Monday, reaching $33.12. The company had a trading volume of 345,485 shares, compared to its average volume of 562,093. The company has a debt-to-equity ratio of 0.68, a quick ratio of 7.82 and a current ratio of 7.86. Xometry, Inc. has a twelve month low of $26.61 and a twelve month high of $97.57. The company has a market capitalization of $1.47 billion and a P/E ratio of -12.04. The stock’s fifty day simple moving average is $34.83 and its 200 day simple moving average is $42.70.

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

Several hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in Xometry in the first quarter valued at about $33,000. Royal Bank of Canada boosted its holdings in Xometry by 451.3% in the third quarter. Royal Bank of Canada now owns 882 shares of the company’s stock valued at $51,000 after purchasing an additional 722 shares during the last quarter. Citigroup Inc. purchased a new position in Xometry in the third quarter valued at about $53,000. Ensign Peak Advisors Inc purchased a new position in Xometry in the first quarter valued at about $61,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Xometry in the first quarter valued at about $67,000. Institutional investors and hedge funds own 77.31% of the company’s stock.

Several research firms recently weighed in on XMTR. Zacks Investment Research cut Xometry from a “buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. CL King dropped their price objective on Xometry from $65.00 to $55.00 in a report on Thursday, May 12th. Finally, Loop Capital began coverage on Xometry in a report on Monday, April 11th. They set a “buy” rating and a $50.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $70.07.

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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