Xometry (NASDAQ:XMTR) PT raised to $65.00
Xometry (NASDAQ: XMTR – Get a rating) had its price target raised by CL King from $55.00 to $65.00 in a note issued to investors on Thursday, Fly reports. The brokerage currently has a “buy” rating on the stock. CL King’s target price indicates a potential upside of 32.52% from the company’s previous close.
Several other research analysts also weighed in on XMTR. Loop Capital lowered its target price on Xometry from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19. Goldman Sachs Group raised its target price on Xometry from $44.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada raised its target price on Xometry from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday.
Xometry stock down 3.3%
NASDAQ: XMTR opened at $49.05 on Thursday. The company has a market capitalization of $2.17 billion, a price-earnings ratio of -29.91 and a beta of 0.38. Xometry has a 1 year minimum of $26.61 and a 1 year maximum of $76.53. The company has a current ratio of 7.86, a quick ratio of 7.82 and a debt ratio of 0.68. The company’s fifty-day moving average price is $36.88 and its 200-day moving average price is $38.20.
Xometry (NASDAQ: XMTR – Get a rating) last released its quarterly results on Wednesday, May 11. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.09. Xometry had a negative return on equity of 16.04% and a negative net margin of 24.80%. The company posted revenue of $83.67 million for the quarter, versus analyst estimates of $81.02 million. On average, sell-side analysts expect Xometry to post -1.02 earnings per share for the current fiscal year.
Insider Trading at Xometry
In other news, CEO Randolph Altschuler sold 22,715 shares of the company in a trade dated Wednesday, June 8. The stock was sold at an average price of $35.03, for a total transaction of $795,706.45. Following the completion of the sale, the CEO now owns 101,582 shares of the company, valued at approximately $3,558,417.46. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. In other news, CEO Randolph Altschuler sold 22,715 shares of the company in a trade dated Wednesday, June 8. The stock was sold at an average price of $35.03, for a total transaction of $795,706.45. Following the completion of the sale, the CEO now owns 101,582 shares of the company, valued at approximately $3,558,417.46. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, manager George Hornig sold 10,000 shares in a trade that took place on Friday, June 3. The shares were sold at an average price of $32.95, for a total value of $329,500.00. Following the sale, the director now owns 124,851 shares of the company, valued at approximately $4,113,840.45. Disclosure of this sale can be found here. During the last quarter, insiders sold 144,715 shares of the company worth $5,062,576.
Xometry Institutional Trading
Hedge funds have recently increased or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in Xometry during Q1 worth approximately $33,000. Ensign Peak Advisors Inc purchased a new stake in Xometry stock in Q1 worth approximately $61,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new equity stake in Xometry in Q1 for a value of approximately $67,000. Ameritas Investment Partners Inc. increased its position in Xometry shares by 209.7% in Q1. Ameritas Investment Partners Inc. now owns 1,914 shares of the company worth $70,000 after acquiring an additional 1,296 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new equity stake in Xometry in Q2 worth approximately $91,000. Institutional investors hold 77.31% of the company’s shares.
Xometry company profile
Xometry, Inc operates a marketplace that allows buyers to source parts and assemblies manufactured in the United States and overseas. It provides CNC machining, milling and turning services; sheet, laser, water jet and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as digital carbon light synthesis, fusion deposition modeling, HP multi-jet fusion, PolyJet, selective laser sintering, stereolithography, printing service 3D metal, direct metal laser sintering and metal binder jetting; and injection molding services, including plastic injection, overmolding, insert and prototype molding, as well as deck and production tooling.
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