JMP Securities Reiterates Market Outperform Rating for Xometry (NASDAQ:XMTR)

JMP Securities restated their market outperform rating on shares of Xometry (NASDAQ:XMTR) in a research note released on Thursday, Benzinga reports. The brokerage currently has a $27.00 target price on the stock.

A number of other equities research analysts also recently issued reports on the stock. Citigroup reduced their price target on shares of Xometry from $31.00 to $24.00 and set a buy rating for the company in a research report on Tuesday, May 28th. Cantor Fitzgerald decreased their target price on Xometry from $13.00 to $12.00 and set an underweight rating on the stock in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $22.14.

Xometry Price Performance

Shares of XMTR opened at $18.90 on Thursday. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average is $16.99 and its two-hundred day moving average is $16.08. Xometry has a twelve month low of $11.08 and a twelve month high of $38.74. The firm has a market capitalization of $871.74 million, a PE ratio of -13.90 and a beta of 0.58.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. The firm had revenue of $132.60 million for the quarter, compared to the consensus estimate of $128.65 million. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.55) earnings per share. Research analysts anticipate that Xometry will post -0.81 earnings per share for the current year.

Insider Activity at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the transaction, the chief technology officer now owns 82,918 shares of the company’s stock, valued at approximately $1,529,837.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 4,700 shares of company stock valued at $78,018 over the last quarter. Insiders own 19.23% of the company’s stock.

Institutional Trading of Xometry

Several hedge funds and other institutional investors have recently bought and sold shares of XMTR. Sei Investments Co. boosted its holdings in shares of Xometry by 0.8% during the second quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock worth $2,474,000 after purchasing an additional 1,708 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Xometry by 22.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after buying an additional 2,140 shares during the last quarter. nVerses Capital LLC acquired a new stake in Xometry in the 2nd quarter worth about $38,000. Quest Partners LLC purchased a new stake in Xometry in the 4th quarter valued at about $125,000. Finally, Rhumbline Advisers increased its stake in shares of Xometry by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 58,002 shares of the company’s stock valued at $670,000 after acquiring an additional 3,690 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.