Posted by admin on May 12th, 2022

Xometry (NASDAQ:XMTR – Get Rating) had its price objective cut by CL King from $65.00 to $55.00 in a report released on Thursday, The Fly reports. CL King’s price objective would indicate a potential upside of 86.44% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Xometry from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Loop Capital started coverage on shares of Xometry in a research report on Monday, April 11th. They issued a “buy” rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $70.07.

XMTR traded up $1.88 during trading on Thursday, reaching $29.50. 2,317 shares of the company were exchanged, compared to its average volume of 596,859. The firm has a 50 day moving average of $37.07 and a 200 day moving average of $44.89. Xometry has a 52 week low of $27.33 and a 52 week high of $97.57.

Xometry (NASDAQ:XMTR – Get Rating) last issued its quarterly earnings data on Thursday, March 17th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). The company had revenue of $67.10 million for the quarter, compared to the consensus estimate of $66.97 million. Xometry had a negative return on equity of 43.18% and a negative net margin of 28.11%. As a group, research analysts anticipate that Xometry will post -0.96 earnings per share for the current year.

In related news, CFO James M. Rallo sold 23,529 shares of the business’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $48.33, for a total value of $1,137,156.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James M. Rallo sold 5,717 shares of the company’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $35.06, for a total value of $200,438.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,408 shares of company stock worth $2,457,417.

Several hedge funds have recently modified their holdings of XMTR. Royal Bank of Canada lifted its holdings in shares of Xometry by 451.3% during the third quarter. Royal Bank of Canada now owns 882 shares of the company’s stock worth $51,000 after buying an additional 722 shares during the last quarter. Citigroup Inc. acquired a new position in shares of Xometry during the third quarter worth approximately $53,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Xometry in the first quarter valued at $67,000. Metropolitan Life Insurance Co NY acquired a new position in shares of Xometry in the third quarter valued at $138,000. Finally, Legal & General Group Plc raised its stake in shares of Xometry by 274.9% in the fourth quarter. Legal & General Group Plc now owns 2,992 shares of the company’s stock valued at $153,000 after purchasing an additional 2,194 shares in the last quarter. Institutional investors own 77.31% of the company’s stock.

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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