Posted by admin on May 16th, 2022

Xometry, Inc. (NASDAQ:XMTR – Get Rating) – Equities researchers at William Blair reduced their Q2 2022 earnings per share estimates for shares of Xometry in a note issued to investors on Thursday, May 12th. William Blair analyst B. Drab now anticipates that the company will earn ($0.29) per share for the quarter, down from their prior forecast of ($0.25). William Blair also issued estimates for Xometry’s Q3 2022 earnings at ($0.22) EPS, Q4 2022 earnings at ($0.13) EPS, FY2022 earnings at ($0.91) EPS and FY2023 earnings at ($0.26) EPS.

Several other equities research analysts also recently commented on XMTR. CL King lowered their target price on shares of Xometry from $65.00 to $55.00 in a research note on Thursday. Loop Capital started coverage on shares of Xometry in a research report on Monday, April 11th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Xometry from a “buy” rating to a “hold” rating in a research report on Wednesday, March 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $70.07.

Shares of NASDAQ:XMTR opened at $31.91 on Monday. Xometry has a 52 week low of $26.61 and a 52 week high of $97.57. The company has a market capitalization of $1.41 billion and a PE ratio of -11.60. The company has a 50 day moving average price of $36.59 and a two-hundred day moving average price of $44.61.

Xometry (NASDAQ:XMTR – Get Rating) last announced its quarterly earnings data on Thursday, March 17th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). Xometry had a negative net margin of 27.47% and a negative return on equity of 28.88%. The business had revenue of $67.10 million during the quarter, compared to analyst estimates of $66.97 million.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Highland Management Partners 9 LLC acquired a new stake in Xometry in the 4th quarter worth about $281,740,000. Foundry Group LLC acquired a new stake in Xometry in the 4th quarter worth about $167,923,000. StepStone Group LP acquired a new stake in Xometry in the 3rd quarter worth about $159,657,000. Vanguard Group Inc. raised its stake in Xometry by 245.6% in the 1st quarter. Vanguard Group Inc. now owns 2,012,915 shares of the company’s stock worth $73,975,000 after purchasing an additional 1,430,477 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Xometry by 2.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,936,109 shares of the company’s stock worth $71,152,000 after purchasing an additional 48,443 shares in the last quarter. Institutional investors own 77.31% of the company’s stock.

In other news, insider Laurence Zuriff sold 2,776 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $44.36, for a total transaction of $123,143.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James M. Rallo sold 23,529 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $48.33, for a total transaction of $1,137,156.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,408 shares of company stock valued at $2,457,417.

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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