Posted by admin on Aug 13th, 2022

Xometry (NASDAQ:XMTR – Get Rating) had its price target lifted by CL King from $55.00 to $65.00 in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the stock. CL King’s target price points to a potential upside of 32.52% from the company’s previous close.

Several other research analysts have also weighed in on XMTR. Loop Capital dropped their target price on Xometry from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. The Goldman Sachs Group upped their target price on Xometry from $44.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada upped their target price on Xometry from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday.

NASDAQ:XMTR opened at $49.05 on Thursday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -29.91 and a beta of 0.38. Xometry has a 1-year low of $26.61 and a 1-year high of $76.53. The company has a current ratio of 7.86, a quick ratio of 7.82 and a debt-to-equity ratio of 0.68. The business’s fifty day moving average price is $36.88 and its 200 day moving average price is $38.20.

Xometry (NASDAQ:XMTR – Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.09. Xometry had a negative return on equity of 16.04% and a negative net margin of 24.80%. The firm had revenue of $83.67 million for the quarter, compared to analyst estimates of $81.02 million. On average, sell-side analysts forecast that Xometry will post -1.02 earnings per share for the current fiscal year.

In other news, CEO Randolph Altschuler sold 22,715 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $35.03, for a total transaction of $795,706.45. Following the completion of the sale, the chief executive officer now owns 101,582 shares in the company, valued at approximately $3,558,417.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Randolph Altschuler sold 22,715 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $35.03, for a total transaction of $795,706.45. Following the completion of the sale, the chief executive officer now owns 101,582 shares in the company, valued at approximately $3,558,417.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George Hornig sold 10,000 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $32.95, for a total value of $329,500.00. Following the sale, the director now owns 124,851 shares of the company’s stock, valued at approximately $4,113,840.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,715 shares of company stock worth $5,062,576.

Hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. bought a new stake in Xometry during the 1st quarter valued at approximately $33,000. Ensign Peak Advisors Inc bought a new stake in shares of Xometry in the 1st quarter worth approximately $61,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Xometry in the 1st quarter worth approximately $67,000. Ameritas Investment Partners Inc. lifted its position in shares of Xometry by 209.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock worth $70,000 after acquiring an additional 1,296 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Xometry in the 2nd quarter worth approximately $91,000. Institutional investors own 77.31% of the company’s stock.

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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