Xometry (NASDAQ:XMTR) Now Covered by Analysts at BNP Paribas Exane

Analysts at BNP Paribas Exane initiated coverage on shares of Xometry (NASDAQ:XMTR) in a report released on Friday, Briefing.com reports. The firm set an “outperform” rating and a $120.00 price target on the stock. BNP Paribas Exane’s price objective points to a potential upside of 25.97% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Rosenblatt Securities assumed coverage on Xometry in a research report on Thursday, August 20th. They set a “buy” rating and a $110.00 price objective on the stock. Cantor Fitzgerald raised their target price on Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Wedbush initiated coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. Finally, UBS Group upped their price objective on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.50.

Xometry Trading Up 2.3%

Shares of Xometry stock opened at $95.26 on Friday. The firm has a 50-day simple moving average of $90.79 and a two-hundred day simple moving average of $74.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. Xometry has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. The company has a market cap of $4.94 billion, a P/E ratio of -158.76 and a beta of 1.32.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. As a group, equities analysts predict that Xometry will post -0.01 earnings per share for the current fiscal year.

Insider Transactions at Xometry

In related news, Director Emily Rollins sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $84.31, for a total transaction of $421,550.00. Following the sale, the director directly owned 15,136 shares in the company, valued at approximately $1,276,116.16. This represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 5,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $95.23, for a total transaction of $476,150.00. Following the transaction, the director owned 35,345 shares of the company’s stock, valued at approximately $3,365,904.35. The trade was a 12.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,053 shares of company stock valued at $5,244,213 in the last 90 days. Insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantinno Capital Management LP increased its stake in shares of Xometry by 759.5% during the 1st quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock worth $1,335,000 after purchasing an additional 28,890 shares in the last quarter. Empowered Funds LLC purchased a new stake in Xometry in the 1st quarter valued at approximately $1,150,000. Sylebra Capital LLC grew its holdings in Xometry by 31.3% during the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after buying an additional 127,637 shares during the last quarter. Polen Capital Management LLC grew its holdings in Xometry by 169.3% during the 4th quarter. Polen Capital Management LLC now owns 22,321 shares of the company’s stock valued at $1,327,000 after buying an additional 14,031 shares during the last quarter. Finally, Penn Capital Management Company LLC purchased a new position in Xometry during the fourth quarter worth $1,899,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.