Xometry (NASDAQ: XMTR – Get a rating) had its price target reduced by Goldman Sachs Group research analysts from $51.00 to $44.00 in a research note released Thursday, Fly reports. Goldman Sachs Group’s price target would indicate a potential upside of 31.07% from the company’s current price.
A number of other analysts have also recently published reports on XMTR. CL King lowered its target price on Xometry from $65.00 to $55.00 in a Thursday, May 12 report. Zacks Investment Research upgraded Xometry from a “buy” rating to a “hold” rating in a Wednesday, March 23 report. Finally, Loop Capital took over coverage from Xometry in a Monday, April 11 report. They set a “buy” rating and a target price of $50.00 for the business. Two equity research analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $67.85.
XMTR Stock traded lower from $1.93 during Thursday’s trading, hitting $33.57. The stock had a trading volume of 197,064 shares, compared to an average volume of 565,859. The company’s 50-day moving average price is $34.69 and its two-hundred-day moving average price is 42. $.31. Xometry has a 1 year minimum of $26.61 and a 1 year maximum of $97.57. The stock has a market capitalization of $1.49 billion and a price-earnings ratio of -12.21. The company has a debt ratio of 0.68, a quick ratio of 7.82 and a current ratio of 7.86.
Xometry (NASDAQ: XMTR – Get a rating) last announced its results on Thursday, March 17. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The company posted revenue of $67.10 million in the quarter, versus analyst estimates of $66.97 million. Xometry had a negative net margin of 27.47% and a negative return on equity of 23.42%. As a group, sell-side analysts expect Xometry to post -1.02 earnings per share for the current fiscal year.
In other Xometry news, Director George Hornig sold 10,000 shares of the company in a trade that took place on Friday, June 3. The stock was sold at an average price of $32.95, for a total value of $329,500.00. As a result of the transaction, the administrator now directly owns 124,851 shares of the company, valued at approximately $4,113,840.45. The sale was disclosed in a filing with the SEC, accessible via the SEC website. Also, CFO James M. Rallo sold 23,529 shares of the company in a transaction that took place on Thursday, April 28. The shares were sold at an average price of $35.06, for a total value of $824,926.74. Following the sale, the CFO now directly owns 21,687 shares of the company, valued at $760,346.22. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 39,246 shares of the company valued at $1,354,865.
A number of hedge funds and other institutional investors have recently changed their holdings to XMTR. Morgan Stanley acquired a new stake in Xometry in the second quarter worth $583,000. BlackRock Inc. increased its stake in shares of Xometry by 422.0% in the third quarter. BlackRock Inc. now owns 522,032 shares of the company worth $30,105,000 after purchasing an additional 422,032 shares in the last quarter. Citigroup Inc. bought a new stock position in Xometry in the third quarter worth $53,000. Geode Capital Management LLC increased its stake in shares of Xometry by 432.3% in the third quarter. Geode Capital Management LLC now owns 150,632 shares of the company worth $8,686,000 after purchasing an additional 122,332 shares last quarter. Finally, Credit Suisse AG bought a new stock position in Xometry in the third quarter worth $871,000. 77.31% of the shares are currently held by hedge funds and other institutional investors.
About Xometry (Get a rating)
Xometry, Inc operates a marketplace that allows buyers to source parts and assemblies manufactured in the United States and overseas. It provides CNC machining, milling and turning services; sheet, laser, water jet and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as digital carbon light synthesis, fusion deposition modeling, HP multi-jet fusion, PolyJet, selective laser sintering, stereolithography, printing service 3D metal, direct metal laser sintering and metal binder jetting; and injection molding services, including plastic injection, overmolding, insert and prototype molding, as well as deck and production tooling.
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