Posted by admin on May 3rd, 2022

Xometry, Inc. (NASDAQ:XMTR – Get Rating) CFO James M. Rallo sold 23,529 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $35.06, for a total value of $824,926.74. Following the completion of the sale, the chief financial officer now owns 21,687 shares in the company, valued at $760,346.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of XMTR opened at $36.37 on Tuesday. Xometry, Inc. has a 52-week low of $32.11 and a 52-week high of $97.57. The firm has a 50 day simple moving average of $38.91.

Xometry (NASDAQ:XMTR – Get Rating) last issued its earnings results on Thursday, March 17th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.08). Xometry had a negative return on equity of 43.18% and a negative net margin of 28.11%. Equities research analysts anticipate that Xometry, Inc. will post -0.96 EPS for the current year.

Several large investors have recently modified their holdings of XMTR. Highland Management Partners 9 LLC acquired a new position in shares of Xometry during the fourth quarter worth approximately $281,740,000. Foundry Group LLC acquired a new position in shares of Xometry during the fourth quarter worth approximately $167,923,000. StepStone Group LP acquired a new position in shares of Xometry during the third quarter worth approximately $159,657,000. Blair William & Co. IL raised its position in shares of Xometry by 1,926.6% during the fourth quarter. Blair William & Co. IL now owns 901,648 shares of the company’s stock worth $46,209,000 after purchasing an additional 857,158 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Xometry by 66.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,887,666 shares of the company’s stock worth $96,742,000 after purchasing an additional 753,701 shares during the period. 77.31% of the stock is currently owned by institutional investors.

Several analysts recently commented on the company. Zacks Investment Research cut Xometry from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Loop Capital assumed coverage on Xometry in a report on Monday, April 11th. They issued a “buy” rating and a $50.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $71.96.

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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