Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Apr 26, 2023

Xometry, Inc. (NASDAQ:XMTR - Get Rating) has been assigned an average recommendation of "Moderate Buy" from the eleven brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $29.73.

A number of research analysts recently commented on the company. UBS Group lowered their price objective on Xometry from $45.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 2nd. Royal Bank of Canada downgraded Xometry from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $45.00 to $21.00 in a research note on Thursday, March 2nd. Bank of America lowered their price objective on Xometry from $40.00 to $32.00 in a research note on Thursday. JPMorgan Chase & Co. cut Xometry from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $55.00 to $21.00 in a research note on Thursday, March 2nd. Finally, JMP Securities increased their price target on Xometry from $20.00 to $24.00 in a research note on Thursday.

Institutional investors have recently modified their holdings of the company. IFP Advisors Inc acquired a new stake in shares of Xometry in the fourth quarter valued at $32,000. Advisors Asset Management Inc. purchased a new stake in shares of Xometry during the first quarter valued at $33,000. MCF Advisors LLC purchased a new stake in shares of Xometry during the third quarter valued at $34,000. Quantbot Technologies LP purchased a new stake in shares of Xometry during the third quarter valued at $35,000. Finally, State of Wyoming lifted its holdings in shares of Xometry by 82.8% during the fourth quarter. State of Wyoming now owns 1,159 shares of the company's stock valued at $37,000 after purchasing an additional 525 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

XMTR stock opened at $17.73 on Friday. The company has a current ratio of 6.11, a quick ratio of 6.09 and a debt-to-equity ratio of 0.75. The firm has a market cap of $799.09 million, a P/E ratio of -11.01 and a beta of -0.28. Xometry has a 12-month low of $12.45 and a 12-month high of $64.35. The stock's 50 day simple moving average is $15.06 and its 200 day simple moving average is $29.94.

Xometry (NASDAQ:XMTR - Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The company reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.30). The company had revenue of $98.20 million for the quarter, compared to the consensus estimate of $104.32 million. Xometry had a negative return on equity of 17.59% and a negative net margin of 19.95%. Xometry's quarterly revenue was up 46.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.40) earnings per share. As a group, equities research analysts predict that Xometry will post -1.21 EPS for the current year.

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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