Posted by admin on Jun 14th, 2022
Xometry, Inc. (NASDAQ:XMTR – Get Rating) insider Kathy Mayerhofer sold 30,000 shares of the stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $35.47, for a total value of $1,064,100.00. Following the completion of the sale, the insider now owns 57,723 shares of the company’s stock, valued at approximately $2,047,434.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of XMTR opened at $30.89 on Tuesday. The company has a market capitalization of $1.37 billion and a P/E ratio of -11.23. The company has a debt-to-equity ratio of 0.68, a current ratio of 7.86 and a quick ratio of 7.82. Xometry, Inc. has a one year low of $26.61 and a one year high of $97.57. The business’s 50 day simple moving average is $34.41 and its 200-day simple moving average is $41.91.
Xometry (NASDAQ:XMTR – Get Rating) last posted its quarterly earnings data on Thursday, March 17th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The firm had revenue of $67.10 million for the quarter, compared to analyst estimates of $66.97 million. Xometry had a negative return on equity of 23.42% and a negative net margin of 27.47%. On average, sell-side analysts anticipate that Xometry, Inc. will post -1.02 EPS for the current fiscal year.
Several research analysts have recently commented on the company. CL King decreased their target price on Xometry from $65.00 to $55.00 in a research report on Thursday, May 12th. Loop Capital initiated coverage on Xometry in a research report on Monday, April 11th. They set a “buy” rating and a $50.00 price target on the stock. Finally, The Goldman Sachs Group decreased their target price on Xometry from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, June 9th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $70.83.
Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in Xometry by 13.5% in the 3rd quarter. Invesco Ltd. now owns 170,279 shares of the company’s stock valued at $9,820,000 after purchasing an additional 20,279 shares during the last quarter. ARK Investment Management LLC raised its holdings in Xometry by 12.3% during the 4th quarter. ARK Investment Management LLC now owns 270,553 shares of the company’s stock worth $13,866,000 after purchasing an additional 29,606 shares during the last quarter. Primecap Management Co. CA raised its holdings in Xometry by 142.2% during the 4th quarter. Primecap Management Co. CA now owns 691,340 shares of the company’s stock worth $35,431,000 after purchasing an additional 405,840 shares during the last quarter. Georgetown University bought a new position in Xometry during the 4th quarter worth approximately $364,000. Finally, New York State Common Retirement Fund raised its holdings in Xometry by 98.6% during the 4th quarter. New York State Common Retirement Fund now owns 5,758 shares of the company’s stock worth $295,000 after purchasing an additional 2,858 shares during the last quarter. Hedge funds and other institutional investors own 77.31% of the company’s stock.
Xometry Company Profile (Get Rating)
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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