Xometry’s (XMTR) “Underweight” Rating Reiterated at Cantor Fitzgerald

Xometry (NASDAQ:XMTR)‘s stock had its “underweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $12.00 target price on the stock. Cantor Fitzgerald’s target price points to a potential downside of 56.76% from the company’s previous close.

Several other equities analysts also recently weighed in on XMTR. Craig Hallum raised their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. JMP Securities raised their price target on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Xometry presently has a consensus rating of “Hold” and a consensus price target of $24.29.

Xometry Stock Performance

Shares of Xometry stock opened at $27.75 on Wednesday. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.37 billion, a P/E ratio of -23.71 and a beta of 0.55. The business has a fifty day simple moving average of $19.03 and a two-hundred day simple moving average of $16.48. Xometry has a 12 month low of $11.08 and a 12 month high of $38.74.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.09. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. The firm had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.17 million. On average, equities analysts forecast that Xometry will post -0.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Several large investors have recently bought and sold shares of XMTR. State Board of Administration of Florida Retirement System raised its holdings in shares of Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after acquiring an additional 76,976 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Xometry during the 1st quarter worth approximately $169,000. Clearbridge Investments LLC raised its holdings in shares of Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after acquiring an additional 217,939 shares in the last quarter. Finally, Sylebra Capital LLC raised its holdings in shares of Xometry by 1,005.3% during the 1st quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock worth $10,882,000 after acquiring an additional 585,971 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

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.