Posted by admin on Aug 14th, 2022

Xometry, Inc. (NASDAQ:XMTR – Get Rating)’s stock price was down 4.8% on Friday . The company traded as low as $48.27 and last traded at $48.27. Approximately 16,815 shares changed hands during trading, a decline of 96% from the average daily volume of 429,120 shares. The stock had previously closed at $50.70.

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada upped their target price on shares of Xometry from $46.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Xometry from $44.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday. CL King raised their price objective on shares of Xometry from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Loop Capital reduced their price objective on shares of Xometry from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th.

The stock’s 50-day moving average price is $36.88 and its 200-day moving average price is $38.13. 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 capitalization of $2.17 billion, a price-to-earnings ratio of -29.91 and a beta of 0.38.

Xometry (NASDAQ:XMTR – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.09. Xometry had a negative net margin of 24.80% and a negative return on equity of 16.04%. The business had revenue of $83.67 million during the quarter, compared to analysts’ expectations of $81.02 million. As a group, equities research analysts expect that Xometry, Inc. will post -1.02 earnings per share for the current year.

In other Xometry news, CEO Randolph Altschuler sold 22,715 shares of Xometry stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $35.03, for a total value of $795,706.45. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Randolph Altschuler sold 22,715 shares of the business’s 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathy Mayerhofer sold 30,000 shares of Xometry stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $35.47, for a total transaction of $1,064,100.00. Following the transaction, the insider now owns 57,723 shares in the company, valued at approximately $2,047,434.81. The disclosure for this sale can be found here. Insiders sold a total of 144,715 shares of company stock valued at $5,062,576 in the last ninety days.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Highland Management Partners 9 LLC bought a new stake in shares of Xometry in the 4th quarter worth about $281,740,000. Foundry Group LLC bought a new stake in shares of Xometry during the 4th quarter valued at about $167,923,000. JPMorgan Chase & Co. grew its position in shares of Xometry by 12.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,183,631 shares of the company’s stock valued at $74,091,000 after buying an additional 247,522 shares during the last quarter. Capital World Investors grew its position in Xometry by 55.2% in the 1st quarter. Capital World Investors now owns 2,139,600 shares of the company’s stock worth $78,630,000 after purchasing an additional 761,100 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Xometry by 245.6% in the 1st quarter. Vanguard Group Inc. now owns 2,012,915 shares of the company’s stock worth $73,975,000 after acquiring an additional 1,430,477 shares during the period. 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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