Xometry (NASDAQ:XMTR) Shares Down 4%

Shares of Xometry, Inc. (NASDAQ:XMTR) fell 4% on Friday . The stock traded as low as $19.34 and last traded at $19.43. 125,553 shares traded hands during trading, a decline of 81% from the average session volume of 643,904 shares. The stock had previously closed at $20.25.

Analyst Ratings Changes

Several brokerages recently weighed in on XMTR. JMP Securities restated a “market outperform” rating and set a $27.00 target price on shares of Xometry in a report on Tuesday, July 23rd. Craig Hallum dropped their target price on Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, May 10th. Citigroup dropped their target price on Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, May 28th. Finally, Cantor Fitzgerald dropped their target price on Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.14.

Xometry Price Performance

The business has a 50-day simple moving average of $14.92 and a 200 day simple moving average of $17.21. The firm has a market cap of $968.25 million, a P/E ratio of -14.89 and a beta of 0.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. The business had revenue of $132.60 million during the quarter, compared to analyst estimates of $128.65 million. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. Xometry’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.55) EPS. On average, analysts anticipate that Xometry, Inc. will post -0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new position in shares of Xometry in the 2nd quarter worth approximately $38,000. Quest Partners LLC bought a new position in shares of Xometry in the 4th quarter worth approximately $125,000. ProShare Advisors LLC bought a new position in Xometry during the 2nd quarter valued at approximately $53,000. Point72 Asset Management L.P. bought a new position in Xometry during the 2nd quarter valued at approximately $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Xometry by 13.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock valued at $266,000 after buying an additional 894 shares in 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.