Posted by admin on May 4th, 2022
Xometry (NASDAQ:XMTR – Get Rating) is set to release its earnings data before the market opens on Wednesday, May 11th. Analysts expect Xometry to post earnings of ($0.37) per share for the quarter. Xometry has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
Xometry (NASDAQ:XMTR – Get Rating) last issued its quarterly earnings results on Thursday, March 17th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.08). Xometry had a negative return on equity of 43.18% and a negative net margin of 28.11%. On average, analysts expect Xometry to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NASDAQ:XMTR opened at $36.99 on Wednesday. The business’s fifty day simple moving average is $38.91. Xometry has a 52 week low of $32.11 and a 52 week high of $97.57.
A number of brokerages have recently commented on XMTR. Zacks Investment Research lowered shares of Xometry from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Loop Capital initiated coverage on shares of Xometry in a report on Monday, April 11th. They set a “buy” rating and a $50.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Xometry presently has an average rating of “Buy” and an average target price of $71.96.
In other Xometry news, insider Laurence Zuriff sold 3,857 shares of Xometry stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $44.53, for a total value of $171,752.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James M. Rallo sold 5,717 shares of Xometry stock in a transaction on Monday, March 28th. The shares were sold at an average price of $35.06, for a total transaction of $200,438.02. The disclosure for this sale can be found here. Insiders have sold 72,419 shares of company stock valued at $3,043,172 in the last three months.
A number of institutional investors and hedge funds have recently bought and sold shares of XMTR. Royal Bank of Canada increased its stake in Xometry by 451.3% in the third quarter. Royal Bank of Canada now owns 882 shares of the company’s stock valued at $51,000 after purchasing an additional 722 shares in the last quarter. Citigroup Inc. increased its stake in Xometry by 155.1% in the fourth quarter. Citigroup Inc. now owns 2,324 shares of the company’s stock valued at $119,000 after purchasing an additional 1,413 shares in the last quarter. Legal & General Group Plc increased its position in shares of Xometry by 274.9% during the fourth quarter. Legal & General Group Plc now owns 2,992 shares of the company’s stock worth $153,000 after acquiring an additional 2,194 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Xometry during the third quarter worth about $248,000. Finally, California State Teachers Retirement System bought a new stake in shares of Xometry during the third quarter worth about $251,000. 77.31% of the stock is owned by hedge funds and other institutional investors.
Xometry Company Profile (Get Rating)
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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