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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Xometry, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xometry wasn't on the list.

While Xometry currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.