Posted by admin on Jun 10th, 2022

Xometry (NASDAQ:XMTR – Get Rating) had its price objective cut by research analysts at The Goldman Sachs Group from $51.00 to $44.00 in a research note issued on Thursday, The Fly reports. The Goldman Sachs Group’s price target would indicate a potential upside of 31.07% from the company’s current price.

A number of other analysts have also recently issued reports on XMTR. CL King decreased their target price on Xometry from $65.00 to $55.00 in a report on Thursday, May 12th. Zacks Investment Research cut Xometry from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Finally, Loop Capital assumed coverage on Xometry in a report on Monday, April 11th. They set a “buy” rating and a $50.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $67.85.

XMTR stock traded down $1.93 during trading on Thursday, hitting $33.57. The stock had a trading volume of 197,064 shares, compared to its average volume of 565,859. The company’s 50 day moving average price is $34.69 and its two-hundred day moving average price is $42.31. Xometry has a 1-year low of $26.61 and a 1-year high of $97.57. The stock has a market cap of $1.49 billion and a price-to-earnings ratio of -12.21. 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 (NASDAQ:XMTR – Get Rating) last announced its earnings results on Thursday, March 17th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The firm had revenue of $67.10 million during the quarter, compared to analyst estimates of $66.97 million. Xometry had a negative net margin of 27.47% and a negative return on equity of 23.42%. As a group, sell-side analysts forecast that Xometry will post -1.02 earnings per share for the current fiscal year.

In other Xometry news, Director George Hornig sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $32.95, for a total value of $329,500.00. Following the transaction, the director now directly owns 124,851 shares of the company’s stock, valued at approximately $4,113,840.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO James M. Rallo sold 23,529 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $35.06, for a total value of $824,926.74. Following the sale, the chief financial officer now directly owns 21,687 shares in the company, valued at $760,346.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,246 shares of company stock valued at $1,354,865.

A number of hedge funds and other institutional investors have recently modified their holdings of XMTR. Morgan Stanley acquired a new stake in Xometry in the second quarter worth $583,000. BlackRock Inc. grew its stake in shares of Xometry by 422.0% in the third quarter. BlackRock Inc. now owns 522,032 shares of the company’s stock worth $30,105,000 after purchasing an additional 422,032 shares in the last quarter. Citigroup Inc. bought a new position in shares of Xometry in the third quarter worth $53,000. Geode Capital Management LLC grew its stake in shares of Xometry by 432.3% in the third quarter. Geode Capital Management LLC now owns 150,632 shares of the company’s stock worth $8,686,000 after purchasing an additional 122,332 shares in the last quarter. Finally, Credit Suisse AG bought a new position in shares of Xometry in the third quarter worth $871,000. 77.31% of the stock is currently owned by hedge funds and other institutional investors.

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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