Xometry (NASDAQ:XMTR) Stock: Insider Fabio Rosati Sells 1,800 Shares

Xometry, Inc. (NASDAQ:XMTR) Director Fabio Rosati sold 1,800 shares of Xometry stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $120.52, for a total value of $216,936.00. Following the completion of the transaction, the director directly owned 89,867 shares in the company, valued at $10,830,770.84. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Xometry Stock Performance

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

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

Institutional Trading of Xometry

Several institutional investors and hedge funds have recently bought and sold shares of XMTR. Integrated Wealth Concepts LLC bought a new stake in Xometry during the second quarter worth about $36,000. IFP Advisors Inc increased its stake in shares of Xometry by 687.5% during the third quarter. IFP Advisors Inc now owns 441 shares of the company’s stock valued at $45,000 after purchasing an additional 385 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Xometry during the third quarter valued at approximately $59,000. PNC Financial Services Group Inc. increased its stake in shares of Xometry by 74.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after purchasing an additional 697 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in shares of Xometry during the second quarter valued at approximately $97,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on XMTR. The Goldman Sachs Group raised their price target on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Wedbush boosted their price objective on shares of Xometry from $126.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Raymond James Financial set a $120.00 price objective on shares of Xometry in a research note on Tuesday, September 22nd. Rosenblatt Securities increased their target price 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, Royal Bank Of Canada raised their target price on Xometry from $100.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.