Xometry (NASDAQ:XMTR) Director Fabio Rosati Sells 1,900 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Fabio Rosati sold 1,900 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 91,667 shares of the company’s stock, valued at approximately $8,224,363.24. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fabio Rosati also recently made the following trade(s):

• On Monday, August 10th, Fabio Rosati sold 8,100 shares of Xometry stock. The shares were sold at an average price of $91.45, for a total value of $740,745.00.

Xometry Price Performance

Shares of Xometry stock traded up $0.90 during trading on Tuesday, reaching $91.43. 390,024 shares of the company’s stock were exchanged, compared to its average volume of 938,957. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. Xometry, Inc. has a 1-year low of $35.86 and a 1-year high of $106.08. The company has a market cap of $4.74 billion, a P/E ratio of -152.38 and a beta of 1.30. The firm’s 50-day moving average price is $90.45 and its 200 day moving average price is $68.64.

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. The business had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.Xometry’s revenue was up 41.1% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. As a group, research analysts anticipate that Xometry, Inc. will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently made changes to their positions in XMTR. Fuller & Thaler Asset Management Inc. bought a new position in shares of Xometry during the fourth quarter worth about $76,393,000. Ameriprise Financial Inc. increased its position in Xometry by 54.2% during the 3rd 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 period. Durable Capital Partners LP bought a new position in Xometry during the 3rd quarter worth approximately $36,455,000. Allspring Global Investments Holdings LLC raised its stake in Xometry by 243.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after buying an additional 492,285 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in shares of Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock valued at $50,132,000 after purchasing an additional 451,259 shares during the period. Institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XMTR. Royal Bank Of Canada raised their price target on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Wedbush started coverage on shares of Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective for the company. Citizens Jmp raised their target price on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. The Goldman Sachs Group boosted their target price on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Citigroup increased their price target on Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.88.

Xometry Company Profile

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.