Cantor Fitzgerald Reaffirms “Underweight” Rating for Xometry (NASDAQ:XMTR)

Cantor Fitzgerald reissued their underweight rating on shares of Xometry (NASDAQ:XMTR) in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $12.00 price objective on the stock.

Several other equities research analysts have also commented on the company. JMP Securities upped their target price on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Craig Hallum boosted their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. One investment 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, Xometry has an average rating of “Hold” and a consensus price target of $26.29.

Xometry Stock Down 0.0 %

Shares of NASDAQ XMTR opened at $30.59 on Wednesday. The company’s 50 day moving average price is $19.77 and its 200-day moving average price is $16.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.60 and a current ratio of 4.59. Xometry has a 52-week low of $11.08 and a 52-week high of $38.74. The company has a market capitalization of $1.51 billion, a P/E ratio of -29.13 and a beta of 0.55.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.13. Xometry had a negative net margin of 9.72% and a negative return on equity of 10.16%. The business had revenue of $132.60 million for the quarter, compared to analyst estimates of $128.65 million. During the same quarter in the previous year, the business earned ($0.55) earnings per share. Xometry’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts forecast that Xometry will post -0.81 earnings per share for the current year.

Insider Activity

In related news, CTO Matthew Leibel sold 3,400 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the transaction, the chief technology officer now directly owns 82,918 shares in the company, valued at $1,529,837.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Large investors have recently added to or reduced their stakes in the business. Sylebra Capital LLC increased its holdings in Xometry by 134.2% during the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after purchasing an additional 864,454 shares in the last quarter. Bellecapital International Ltd. bought a new position in shares of Xometry in the second quarter valued at approximately $6,281,000. Clearbridge Investments LLC boosted its position in shares of Xometry by 20.7% during the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after buying an additional 217,939 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Xometry during the second quarter worth $2,013,000. Finally, Squarepoint Ops LLC raised its position in Xometry by 227.7% in the 2nd quarter. Squarepoint Ops LLC now owns 249,025 shares of the company’s stock valued at $2,879,000 after buying an additional 173,042 shares during the last quarter. 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.