Xometry (NASDAQ:XMTR) Sets New 12-Month Low at $11.08

Xometry, Inc. (NASDAQ:XMTR)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.08 and last traded at $11.26, with a volume of 137576 shares changing hands. The stock had previously closed at $11.56.

Analysts Set New Price Targets

A number of equities analysts have issued reports on XMTR shares. Craig Hallum cut their price target on Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, May 10th. UBS Group cut their target price on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 target price on shares of Xometry in a report on Tuesday, April 23rd. Citigroup cut their target price on Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. Finally, Cantor Fitzgerald initiated coverage on Xometry in a report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.71.

Xometry Stock Down 2.5 %

The company has a debt-to-equity ratio of 0.88, a current ratio of 4.34 and a quick ratio of 4.30. The stock has a market capitalization of $519.77 million, a PE ratio of -8.28 and a beta of 0.52. The company has a 50 day moving average price of $15.20 and a 200-day moving average price of $22.46.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The firm had revenue of $122.69 million for the quarter, compared to the consensus estimate of $119.00 million. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. As a group, analysts forecast that Xometry, Inc. will post -0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Subir Dutt purchased 10,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average price of $15.55 per share, for a total transaction of $155,500.00. Following the acquisition, the insider now directly owns 46,864 shares of the company’s stock, valued at approximately $728,735.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 2,286 shares of company stock worth $35,940. 19.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Xometry

Institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in Xometry during the 4th quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Xometry by 13.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after purchasing an additional 894 shares during the period. Nisa Investment Advisors LLC raised its position in Xometry by 50,118.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock valued at $289,000 after purchasing an additional 8,019 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Xometry in the 1st quarter worth $169,000. Finally, Natixis Advisors L.P. purchased a new stake in Xometry during the 4th quarter valued at about $361,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.