Xometry (NASDAQ:XMTR) Stock: Insider James Miln Sells 4,000 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 4,000 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $113.81, for a total value of $455,240.00. Following the completion of the transaction, the chief financial officer directly owned 173,631 shares of the company’s stock, valued at approximately $19,760,944.11. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Xometry Trading Up 2.6%

XMTR stock opened at $122.47 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.15 and a quick ratio of 3.13. Xometry, Inc. has a 1-year low of $35.86 and a 1-year high of $127.49. The business has a 50 day simple moving average of $99.90 and a two-hundred day simple moving average of $78.11. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of -360.20 and a beta of 1.33.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The company had revenue of $252.44 million during the quarter, compared to analysts’ expectations of $235.54 million. Xometry had a negative net margin of 1.97% and a positive return on equity of 0.18%. Xometry’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period last year, the company posted $0.11 earnings per share. Research analysts anticipate that Xometry, Inc. will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Xometry

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in Xometry during the second quarter valued at approximately $36,000. IFP Advisors Inc boosted its holdings in Xometry by 687.5% in the third quarter. IFP Advisors Inc now owns 441 shares of the company’s stock worth $45,000 after acquiring an additional 385 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Xometry during the third quarter worth about $59,000. GAMMA Investing LLC raised its holdings in shares of Xometry by 36.5% in the third quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after buying an additional 256 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Xometry during the second quarter worth $97,000. 97.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XMTR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. The Goldman Sachs Group raised their price target on Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wedbush increased their target price on Xometry from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 4th. Rosenblatt Securities upped their price target on shares of Xometry from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Finally, UBS Group boosted their price objective on shares of Xometry from $95.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.64.

Xometry Company Profile

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.