Posted by admin on Jul 20th, 2022

Xometry (NASDAQ:XMTR – Get Rating) had its target price trimmed by Loop Capital from $50.00 to $46.00 in a report released on Tuesday morning, The Fly reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group cut their price target on Xometry from $51.00 to $44.00 and set a buy rating on the stock in a research note on Thursday, June 9th. CL King lowered their price objective on shares of Xometry from $65.00 to $55.00 in a research report on Thursday, May 12th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and a consensus target price of $70.33.

NASDAQ:XMTR opened at $36.07 on Tuesday. The stock’s fifty day moving average price is $33.52 and its two-hundred day moving average price is $39.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 7.82 and a current ratio of 7.86. The company has a market cap of $1.60 billion and a price-to-earnings ratio of -13.12. Xometry has a 52-week low of $26.61 and a 52-week high of $83.21.

Xometry (NASDAQ:XMTR – Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.09. The company had revenue of $83.67 million for the quarter, compared to the consensus estimate of $81.02 million. Xometry had a negative return on equity of 23.42% and a negative net margin of 27.47%. On average, analysts anticipate that Xometry will post -1.02 EPS for the current year.

In other Xometry news, insider Kathy Mayerhofer sold 30,000 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $35.47, for a total transaction of $1,064,100.00. Following the completion of the transaction, the insider now owns 57,723 shares in the company, valued at approximately $2,047,434.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Xometry news, insider Kathy Mayerhofer sold 30,000 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $35.47, for a total transaction of $1,064,100.00. Following the completion of the transaction, the insider now owns 57,723 shares in the company, valued at approximately $2,047,434.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George Hornig sold 10,000 shares of the stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the transaction, the director now owns 114,851 shares of the company’s stock, valued at approximately $3,867,033.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,244 shares of company stock worth $4,745,003.

Several hedge funds have recently modified their holdings of XMTR. LVW Advisors LLC bought a new position in shares of Xometry in the 4th quarter valued at about $258,000. AJ Wealth Strategies LLC bought a new position in shares of Xometry in the 4th quarter valued at about $1,226,000. ARK Investment Management LLC grew its holdings in shares of Xometry by 12.3% in the 4th quarter. ARK Investment Management LLC now owns 270,553 shares of the company’s stock valued at $13,866,000 after acquiring an additional 29,606 shares in the last quarter. Hamilton Lane Advisors LLC bought a new position in shares of Xometry in the 4th quarter valued at about $273,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Xometry in the 4th quarter valued at about $2,839,000. Institutional investors 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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