Xometry (NASDAQ:XMTR) Reaches New 52-Week High – Should You Buy?

Xometry, Inc. (NASDAQ:XMTR)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $91.24 and last traded at $87.96, with a volume of 794804 shares. The stock had previously closed at $86.12.

Analyst Ratings Changes

XMTR has been the topic of a number of recent analyst reports. Citizens Jmp upped their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Thursday, April 30th. William Blair reaffirmed an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Citigroup upped their target price on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Six 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $76.00.

Xometry Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of -86.24 and a beta of 1.01. The company has a 50-day moving average of $50.03 and a 200-day moving average of $55.86.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) EPS. On average, equities research analysts forecast that Xometry, Inc. will post -0.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Subir Dutt sold 5,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $79.86, for a total value of $399,300.00. Following the completion of the transaction, the insider owned 104,732 shares of the company’s stock, valued at approximately $8,363,897.52. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Vaidyanathan Raghavan sold 4,572 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $43.44, for a total value of $198,607.68. Following the completion of the transaction, the chief technology officer directly owned 64,304 shares of the company’s stock, valued at approximately $2,793,365.76. The trade was a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 73,991 shares of company stock valued at $3,553,598. Company insiders own 9.10% of the company’s stock.

Institutional Trading of Xometry

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares during the period. Comerica Bank lifted its holdings in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after buying an additional 173 shares during the period. M&T Bank Corp lifted its holdings in shares of Xometry by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after buying an additional 180 shares during the period. Arizona State Retirement System lifted its holdings in shares of Xometry by 2.0% in the third quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock valued at $713,000 after buying an additional 256 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Xometry by 9.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock valued at $194,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.