Xometry (NASDAQ:XMTR) Shares Gap Up – What’s Next?

Xometry, Inc. (NASDAQ:XMTR) gapped up prior to trading on Tuesday . The stock had previously closed at $22.06, but opened at $23.12. Xometry shares last traded at $22.10, with a volume of 96,692 shares.

Analyst Upgrades and Downgrades

XMTR has been the subject of a number of recent analyst reports. Cantor Fitzgerald reduced 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. JMP Securities lifted their price objective on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.86.

Xometry Stock Up 18.0 %

The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64. The stock has a 50-day moving average of $19.03 and a two-hundred day moving average of $16.48. The company has a market cap of $1.28 billion, a P/E ratio of -24.11 and a beta of 0.55.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The company had revenue of $132.60 million during the quarter, compared to analysts’ expectations of $128.65 million. During the same quarter in the prior year, the company earned ($0.55) EPS. The firm’s revenue was up 19.5% on a year-over-year basis. On average, research analysts anticipate that Xometry, Inc. will post -0.81 EPS for the current fiscal year.

Insider Activity

In related news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at $1,529,837.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 16.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Xometry during the 2nd quarter valued at $38,000. ProShare Advisors LLC bought a new stake in Xometry during the second quarter worth about $53,000. Point72 Asset Management L.P. purchased a new stake in Xometry in the second quarter worth about $55,000. US Bancorp DE increased its stake in shares of Xometry by 57.7% during the third 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 purchased a new position in shares of Xometry during the third quarter valued at approximately $153,000. 97.31% of the stock is currently owned by institutional investors.

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.