Xometry (NASDAQ:XMTR) Sees Large Volume Increase

Xometry, Inc. (NASDAQ:XMTR) saw unusually-high trading volume on Friday . Approximately 355,333 shares traded hands during trading, a decline of 45% from the previous session’s volume of 642,916 shares.The stock last traded at $18.13 and had previously closed at $18.30.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank of Canada lowered their target price on Xometry from $38.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Friday, March 1st. TheStreet downgraded Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. JMP Securities raised their price target on Xometry from $26.00 to $42.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 3rd. UBS Group dropped their price objective on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Finally, The Goldman Sachs Group decreased their target price on Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.67.

Xometry Stock Performance

The company has a current ratio of 4.28, a quick ratio of 4.25 and a debt-to-equity ratio of 0.85. The firm’s fifty day moving average price is $22.57 and its 200-day moving average price is $23.78. The company has a market cap of $843.31 million, a P/E ratio of -12.40 and a beta of 0.71.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $128.15 million for the quarter, compared to the consensus estimate of $127.78 million. Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. As a group, research analysts forecast that Xometry, Inc. will post -0.64 EPS for the current fiscal year.

Insider Activity at Xometry

In other Xometry news, COO Peter Goguen sold 3,943 shares of Xometry stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total transaction of $69,436.23. Following the sale, the chief operating officer now owns 197,211 shares in the company, valued at $3,472,885.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Xometry news, COO Peter Goguen sold 3,943 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total transaction of $69,436.23. Following the completion of the transaction, the chief operating officer now owns 197,211 shares in the company, valued at $3,472,885.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO James M. Rallo sold 5,000 shares of Xometry stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $30.85, for a total value of $154,250.00. Following the sale, the chief financial officer now directly owns 44,381 shares in the company, valued at $1,369,153.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,243 shares of company stock worth $444,742. 19.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in shares of Xometry by 3.9% in the 4th quarter. Legal & General Group Plc now owns 7,590 shares of the company’s stock valued at $245,000 after purchasing an additional 284 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Xometry by 5.3% during the 4th quarter. Brown Advisory Inc. now owns 7,774 shares of the company’s stock valued at $251,000 after purchasing an additional 392 shares during the last quarter. US Bancorp DE lifted its holdings in Xometry by 14.1% during the 4th quarter. US Bancorp DE now owns 3,887 shares of the company’s stock valued at $140,000 after purchasing an additional 480 shares during the last quarter. State of Wyoming boosted its position in Xometry by 82.8% in the fourth quarter. State of Wyoming now owns 1,159 shares of the company’s stock valued at $37,000 after buying an additional 525 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Xometry by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 101,699 shares of the company’s stock worth $3,652,000 after buying an additional 777 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.