Xometry FY2024 EPS Forecast Increased by Cantor Fitzgerald

Xometry, Inc. (NASDAQ:XMTR) – Research analysts at Cantor Fitzgerald raised their FY2024 earnings per share (EPS) estimates for shares of Xometry in a research report issued on Wednesday, November 6th. Cantor Fitzgerald analyst T. Jensen now forecasts that the company will post earnings of ($0.68) per share for the year, up from their previous forecast of ($0.77). Cantor Fitzgerald currently has a “Underweight” rating and a $12.00 target price on the stock. The consensus estimate for Xometry’s current full-year earnings is ($0.79) per share.

XMTR has been the topic of a number of other research reports. Citigroup lifted their target price on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JMP Securities lifted 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 lifted their target price on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group lifted their target price on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their target price on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.29.

Xometry Trading Up 5.2 %

NASDAQ:XMTR opened at $32.18 on Monday. The business’s 50-day simple moving average is $20.02 and its 200-day simple moving average is $16.95. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $38.74. The stock has a market capitalization of $1.59 billion, a PE ratio of -30.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Primecap Management Co. CA boosted its stake in shares of Xometry by 1.7% during the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after acquiring an additional 113,264 shares during the period. Intech Investment Management LLC bought a new position in shares of Xometry during the 3rd quarter worth approximately $205,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Xometry in the 3rd quarter valued at $355,000. GSA Capital Partners LLP bought a new stake in Xometry in the 3rd quarter valued at $1,069,000. Finally, Versor Investments LP bought a new stake in Xometry in the 3rd quarter valued at $411,000. 97.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the transaction, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.79% 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.