Xometry (NASDAQ:XMTR) Issues Quarterly Earnings Results

Xometry (NASDAQ:XMTR) posted its earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09, reports. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The business had revenue of $141.70 million for the quarter, compared to the consensus estimate of $137.17 million. Xometry updated its Q4 2024 guidance to EPS.

Xometry Trading Up 18.5 %

Shares of NASDAQ:XMTR opened at $30.62 on Thursday. The business’s 50-day moving average is $19.35 and its 200 day moving average is $16.65. 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 has a 1 year low of $11.08 and a 1 year high of $38.74. The firm has a market capitalization of $1.51 billion, a P/E ratio of -28.09 and a beta of 0.55.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XMTR. UBS Group lifted their price objective on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday. Craig Hallum lifted their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup upped their price objective on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group raised their price objective on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 target price on shares of Xometry in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.29.

Insiders Place Their Bets

In related news, CTO Matthew Leibel sold 3,400 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the transaction, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at $1,529,837.10. This trade represents a 0.00 % decrease in their position. The sale 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

Large investors have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new position in Xometry in the 2nd quarter worth $38,000. ProShare Advisors LLC purchased a new position in shares of Xometry in the second quarter worth about $53,000. Point72 Asset Management L.P. purchased a new position in shares of Xometry in the second quarter worth about $55,000. US Bancorp DE lifted its holdings in shares of Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after purchasing an additional 2,037 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Xometry in the second quarter valued at approximately $129,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.