Xometry (NASDAQ:XMTR) Shares Down 8.3% – Should You Sell?

Shares of Xometry, Inc. (NASDAQ:XMTR) were down 8.3% during mid-day trading on Wednesday. The company traded as low as $99.68 and last traded at $98.8970. Approximately 149,010 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 879,168 shares. The stock had previously closed at $107.90.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XMTR. Wedbush assumed coverage on shares of Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price on the stock. Citigroup reissued a “market outperform” rating on shares of Xometry in a report on Monday, September 21st. The Goldman Sachs Group raised their price objective on Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. UBS Group lifted their target price on Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.18.

Xometry Stock Down 12.0%

The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The company has a market cap of $4.92 billion, a price-to-earnings ratio of -157.14 and a beta of 1.23. The firm’s 50-day moving average price is $95.23 and its 200-day moving average price is $82.93.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business had revenue of $229.28 million for the quarter, compared to analysts’ expectations of $215.22 million. During the same quarter last year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. Sell-side analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In other Xometry news, CTO Vaidyanathan Raghavan sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were 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 represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Emily Rollins sold 5,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total value of $421,550.00. Following the completion of the transaction, the director directly owned 15,136 shares of the company’s stock, valued at approximately $1,276,116.16. The trade was a 24.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 63,199 shares of company stock worth $6,006,535 over the last three months. Insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Xometry by 36.5% during the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after buying an additional 256 shares during the period. CoreCap Advisors LLC grew its holdings in Xometry by 82.5% during the 3rd quarter. CoreCap Advisors LLC now owns 1,825 shares of the company’s stock worth $188,000 after acquiring an additional 825 shares during the period. Zevenbergen Capital Investments LLC raised its position in shares of Xometry by 115.1% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock valued at $30,603,000 after acquiring an additional 159,227 shares during the last quarter. MRA Advisory Group bought a new stake in shares of Xometry during the 3rd quarter valued at $681,000. Finally, Tidal Investments LLC acquired a new position in Xometry in the second quarter valued at about $247,000. 97.31% of the stock is owned by institutional investors and hedge funds.

About Xometry

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.