Xometry’s (XMTR) “Underweight” Rating Reiterated at Cantor Fitzgerald

Xometry (NASDAQ:XMTR)‘s stock had its “underweight” rating reissued by equities research analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They presently have a $12.00 price objective on the stock. Cantor Fitzgerald’s price target suggests a potential downside of 56.76% from the stock’s previous close.

A number of other research firms have also weighed in on XMTR. JMP Securities increased their price objective on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Craig Hallum increased their price objective on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.29.

Xometry Stock Up 7.4 %

Shares of NASDAQ XMTR opened at $27.75 on Wednesday. Xometry has a one year low of $11.08 and a one year high of $38.74. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.64 and a quick ratio of 4.60. The firm’s 50 day simple moving average is $19.03 and its two-hundred day simple moving average is $16.48. The stock has a market capitalization of $1.37 billion, a P/E ratio of -23.71 and a beta of 0.55.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The business had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $137.17 million. As a group, analysts expect that Xometry will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the sale, the chief technology officer now owns 82,918 shares of the company’s stock, valued at $1,529,837.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 16.79% of the stock is currently owned by insiders.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Primecap Management Co. CA lifted its stake in Xometry by 1.4% in the second quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock worth $78,666,000 after acquiring an additional 93,350 shares during the period. Vanguard Group Inc. lifted its position in Xometry by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after buying an additional 76,976 shares during the period. Sylebra Capital LLC lifted its position in Xometry by 134.2% during the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after buying an additional 864,454 shares during the period. Clearbridge Investments LLC lifted its position in Xometry by 20.7% during the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after buying an additional 217,939 shares during the period. Finally, Bellecapital International Ltd. purchased a new position in Xometry during the second quarter valued at $6,281,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

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.