Insider Selling: Xometry (NASDAQ:XMTR) Director Sells $61,860.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $61.86, for a total transaction of $61,860.00. Following the completion of the transaction, the director owned 11,455 shares of the company’s stock, valued at approximately $708,606.30. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Xometry Stock Down 8.2%

XMTR stock opened at $62.64 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.62 and a quick ratio of 3.58. The firm has a market capitalization of $3.21 billion, a P/E ratio of -50.11 and a beta of 0.86. Xometry, Inc. has a 52-week low of $18.59 and a 52-week high of $69.26. The company’s 50 day simple moving average is $60.46 and its 200-day simple moving average is $49.86.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $180.72 million for the quarter, compared to analysts’ expectations of $168.25 million. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. As a group, equities research analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sylebra Capital LLC boosted its holdings in Xometry by 9.6% in the second quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock worth $69,680,000 after purchasing an additional 180,533 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after buying an additional 690,558 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Xometry by 12.8% during the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock worth $78,616,000 after acquiring an additional 164,278 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Xometry by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,084,117 shares of the company’s stock worth $36,637,000 after acquiring an additional 9,360 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Xometry by 1.0% during the 2nd quarter. New York State Common Retirement Fund now owns 951,142 shares of the company’s stock valued at $32,139,000 after acquiring an additional 9,054 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Citigroup reiterated an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, October 8th. JMP Securities set a $75.00 price target on shares of Xometry in a research note on Wednesday, November 5th. Finally, Citizens Jmp increased their price objective on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Xometry currently has a consensus rating of “Hold” and a consensus target price of $57.89.

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.