Xometry (NASDAQ:XMTR) CFO James Miln Sells 6,203 Shares

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 6,203 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $66.51, for a total transaction of $412,561.53. Following the transaction, the chief financial officer directly owned 134,397 shares in the company, valued at $8,938,744.47. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Miln also recently made the following trade(s):

• On Friday, January 2nd, James Miln sold 598 shares of Xometry stock. The shares were sold at an average price of $61.80, for a total value of $36,956.40.
• On Friday, November 7th, James Miln sold 599 shares of Xometry stock. The stock was sold at an average price of $62.11, for a total value of $37,203.89.

Xometry Stock Up 0.1%

Shares of NASDAQ XMTR traded up $0.07 during midday trading on Tuesday, hitting $67.88. 753,530 shares of the stock traded hands, compared to its average volume of 846,809. The company has a market cap of $3.48 billion, a PE ratio of -54.30 and a beta of 0.86. Xometry, Inc. has a one year low of $18.59 and a one year high of $69.26. The business has a 50 day moving average price of $59.45 and a two-hundred day moving average price of $49.39. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62.

Xometry (NASDAQ:XMTR) last issued its earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The company had revenue of $180.72 million for the quarter, compared to analysts’ expectations of $168.25 million. During the same period last year, the business earned $0.02 EPS. Xometry’s quarterly revenue was up 27.5% compared to the same quarter last year. On average, equities analysts predict that Xometry, Inc. will post -0.66 EPS for the current year.

Wall Street Analyst Weigh In

XMTR has been the subject of several recent research reports. JMP Securities set a $75.00 target price on shares of Xometry in a research report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price target on Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Citizens Jmp increased their price objective on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group raised their target price on Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Citigroup reiterated an “outperform” rating on shares of Xometry in a report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Xometry presently has an average rating of “Hold” and an average price target of $57.89.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently modified their holdings of XMTR. Ameriprise Financial Inc. increased its position in shares of Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after acquiring an additional 690,558 shares during the last quarter. Durable Capital Partners LP bought a new position in Xometry in the 3rd quarter valued at $36,455,000. Gilder Gagnon Howe & Co. LLC increased its position in shares of Xometry by 248.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock valued at $29,053,000 after purchasing an additional 613,282 shares during the last quarter. Stephens Investment Management Group LLC purchased a new stake in shares of Xometry during the 2nd quarter valued at $13,292,000. Finally, First Trust Advisors LP raised its stake in shares of Xometry by 42.9% during the 2nd quarter. First Trust Advisors LP now owns 1,279,005 shares of the company’s stock worth $43,218,000 after purchasing an additional 384,211 shares during the period. 97.31% of the stock is owned by institutional investors.

About Xometry

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.