Xometry (NASDAQ:XMTR) PT Raised to $32.00 at JMP Securities

Xometry (NASDAQ:XMTR) had its price target boosted by JMP Securities from $27.00 to $32.00 in a research report report published on Friday, Benzinga reports. They currently have a market outperform rating on the stock.

Separately, Cantor Fitzgerald dropped their target price on Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Xometry presently has a consensus rating of “Hold” and an average target price of $22.86.

Xometry Stock Up 2.6 %

Shares of NASDAQ XMTR opened at $20.90 on Friday. The stock has a market capitalization of $963.99 million, a P/E ratio of -15.37 and a beta of 0.57. Xometry has a one year low of $11.08 and a one year high of $38.74. The firm’s 50 day simple moving average is $18.61 and its two-hundred day simple moving average is $16.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.64 and a quick ratio of 4.60.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.13. The company had revenue of $132.60 million for the quarter, compared to analyst estimates of $128.65 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.55) EPS. As a group, analysts expect that Xometry will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Matthew Leibel sold 3,400 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the sale, the chief technology officer now owns 82,918 shares of the company’s stock, valued at $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 19.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XMTR. Sylebra Capital LLC lifted its position in Xometry by 134.2% in the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after acquiring an additional 864,454 shares in the last quarter. Wellington Management Group LLP bought a new position in Xometry in the fourth quarter valued at about $21,165,000. Bellecapital International Ltd. purchased a new position in Xometry in the second quarter worth about $6,281,000. Clearbridge Investments LLC grew its stake in shares of Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after purchasing an additional 217,939 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Xometry in the 2nd quarter worth approximately $2,013,000. Institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

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.