Xometry (NASDAQ:XMTR) Trading Up 9.8% – Here’s What Happened

Shares of Xometry, Inc. (NASDAQ:XMTR) rose 9.8% on Thursday . The company traded as high as $95.56 and last traded at $96.7250. 147,378 shares were traded during trading, a decline of 84% from the average session volume of 902,571 shares. The stock had previously closed at $88.08.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wedbush started coverage on Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Xometry in a report on Monday, August 24th. They issued an “overweight” rating and a $120.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research note on Wednesday. Rosenblatt Securities started coverage on Xometry in a research note on Thursday, August 20th. They set a “buy” rating and a $110.00 price target on the stock. Finally, UBS Group raised their target price on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.33.

Xometry Stock Performance

The company has a market cap of $4.88 billion, a PE ratio of -156.85 and a beta of 1.29. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $91.55 and its two-hundred day simple moving average is $71.29.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The business had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. During the same period in the previous year, the company posted $0.09 EPS. The company’s revenue was up 41.1% compared to the same quarter last year. As a group, research analysts anticipate that Xometry, Inc. will post -0.01 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Fabio Rosati sold 1,900 shares of Xometry stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $89.72, for a total transaction of $170,468.00. Following the sale, the director owned 91,667 shares of the company’s stock, valued at $8,224,363.24. The trade was a 2.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Vaidyanathan Raghavan sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $96.77, for a total value of $483,850.00. Following the completion of the transaction, the chief technology officer owned 135,777 shares in the company, valued at approximately $13,139,140.29. This trade represents a 3.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 37,053 shares of company stock valued at $3,405,868. 9.10% of the stock is owned by insiders.

Institutional Trading of Xometry

Several hedge funds and other institutional investors have recently bought and sold shares of XMTR. California State Teachers Retirement System increased its holdings in shares of Xometry by 9,368.5% in the 2nd quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company’s stock valued at $473,128,000 after acquiring an additional 4,850,095 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Xometry by 9.2% during the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after buying an additional 132,792 shares during the period. Wellington Management Group LLP increased its position in Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after buying an additional 280,491 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Xometry during the fourth quarter valued at approximately $76,393,000. 97.31% of the stock is owned by institutional investors.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.