Xometry (NASDAQ:XMTR) Sets New 12-Month Low at $11.08

Xometry, Inc. (NASDAQ:XMTR)’s stock price reached a new 52-week low on Monday . The company traded as low as $11.08 and last traded at $11.26, with a volume of 137576 shares. The stock had previously closed at $11.56.

Analysts Set New Price Targets

A number of research firms recently weighed in on XMTR. Citigroup lowered their price objective on shares of Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th. JMP Securities reissued a “market outperform” rating and issued a $30.00 price target on shares of Xometry in a research report on Tuesday, April 23rd. Cantor Fitzgerald started coverage on shares of Xometry in a research report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 price target for the company. Craig Hallum cut their price target on shares of Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, UBS Group dropped their price objective on shares of Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xometry presently has an average rating of “Hold” and an average price target of $22.71.

Xometry Stock Down 2.5 %

The company has a market cap of $519.77 million, a PE ratio of -8.28 and a beta of 0.52. The company has a quick ratio of 4.30, a current ratio of 4.34 and a debt-to-equity ratio of 0.88. The firm’s fifty day simple moving average is $15.20 and its 200-day simple moving average is $22.46.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.02. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. The company had revenue of $122.69 million for the quarter, compared to the consensus estimate of $119.00 million. As a group, equities research analysts expect that Xometry, Inc. will post -0.99 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Subir Dutt acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average price of $15.55 per share, with a total value of $155,500.00. Following the completion of the transaction, the insider now directly owns 46,864 shares in the company, valued at approximately $728,735.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 2,286 shares of company stock valued at $35,940 over the last 90 days. Insiders own 19.23% of the company’s stock.

Institutional Investors Weigh In On Xometry

Several large investors have recently made changes to their positions in the business. Sylebra Capital LLC increased its position in shares of Xometry by 1,005.3% in the first quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock worth $10,882,000 after acquiring an additional 585,971 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Xometry by 20.7% in the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after acquiring an additional 217,939 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Xometry in the first quarter worth $169,000. Vanguard Group Inc. increased its position in shares of Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after acquiring an additional 76,976 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Xometry by 22.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.