Xometry’s (XMTR) Underweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their underweight rating on shares of Xometry (NASDAQ:XMTR) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $12.00 price target on the stock.

Several other equities research analysts have also recently weighed in on XMTR. JMP Securities increased their price objective on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Craig Hallum upped their target price on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Xometry presently has an average rating of “Hold” and a consensus target price of $26.29.

Xometry Price Performance

Shares of Xometry stock opened at $30.59 on Wednesday. The company’s fifty day simple moving average is $19.77 and its two-hundred day simple moving average is $16.84. Xometry has a 12-month low of $11.08 and a 12-month high of $38.74. The firm has a market cap of $1.51 billion, a PE ratio of -29.13 and a beta of 0.55. The company has a quick ratio of 4.60, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.13. Xometry had a negative net margin of 9.72% and a negative return on equity of 10.16%. The company had revenue of $132.60 million during the quarter, compared to analyst estimates of $128.65 million. During the same period in the prior year, the business posted ($0.55) earnings per share. Xometry’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities analysts expect that Xometry will post -0.81 EPS for the current year.

Insider Transactions at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the sale, the chief technology officer now directly owns 82,918 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of hedge funds and other institutional investors have recently bought and sold shares of XMTR. nVerses Capital LLC bought a new stake in Xometry in the second quarter worth $38,000. ProShare Advisors LLC bought a new position in Xometry in the 2nd quarter worth about $53,000. Point72 Asset Management L.P. purchased a new stake in Xometry during the 2nd quarter valued at about $55,000. US Bancorp DE increased its stake in Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after purchasing an additional 2,037 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Xometry during the 3rd quarter valued at about $153,000. Hedge funds and other institutional investors 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.