Xometry (NASDAQ:XMTR) Given “Outperform” Rating at Wedbush

Xometry (NASDAQ:XMTR)‘s stock had its “outperform” rating reaffirmed by Wedbush in a report released on Friday,RTT News reports. They currently have a $48.00 target price on the stock. Wedbush’s target price points to a potential upside of 31.15% from the company’s current price.

XMTR has been the subject of a number of other research reports. UBS Group upped their price objective on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and upped their price target for the company from $25.00 to $45.00 in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $12.00 target price on shares of Xometry in a report on Wednesday, November 6th. Citigroup lifted their price target on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, JMP Securities restated a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Xometry has an average rating of “Moderate Buy” and a consensus price target of $31.89.

Xometry Trading Down 0.6 %

Shares of XMTR stock opened at $36.60 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of -34.86 and a beta of 0.83. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The firm’s 50 day moving average is $27.98 and its 200 day moving average is $20.04. Xometry has a 12-month low of $11.08 and a 12-month high of $41.43.

Insider Buying and Selling

In other Xometry news, COO Peter Goguen sold 986 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total transaction of $39,518.88. Following the completion of the sale, the chief operating officer now directly owns 168,933 shares of the company’s stock, valued at $6,770,834.64. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Emily Rollins sold 3,729 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total transaction of $109,968.21. Following the completion of the transaction, the director now directly owns 12,457 shares in the company, valued at $367,356.93. This trade represents a 23.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,219 shares of company stock worth $1,178,519. 16.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently added to or reduced their stakes in XMTR. Raymond James & Associates grew its holdings in shares of Xometry by 0.6% in the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock valued at $5,290,000 after purchasing an additional 1,586 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Xometry by 0.8% in the 2nd quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock worth $2,474,000 after buying an additional 1,708 shares during the last quarter. US Bancorp DE raised its position in shares of Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after buying an additional 2,037 shares in the last quarter. State Street Corp lifted its holdings in shares of Xometry by 0.3% in the 3rd quarter. State Street Corp now owns 887,139 shares of the company’s stock valued at $16,297,000 after acquiring an additional 3,027 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Xometry during the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

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.