Xometry, Inc. (NASDAQ:XMTR) Receives $31.89 Average Price Target from Brokerages

Xometry, Inc. (NASDAQ:XMTR) has been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.89.

XMTR has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and set a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. Royal Bank of Canada raised their target price on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Citigroup upped their price target on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Finally, UBS Group upped their price objective on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th.

Insider Activity at Xometry

In other news, COO Peter Goguen sold 12,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $29.55, for a total value of $354,600.00. Following the completion of the transaction, the chief operating officer now directly owns 180,419 shares in the company, valued at approximately $5,331,381.45. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emily Rollins sold 3,729 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $29.49, for a total transaction of $109,968.21. Following the sale, the director now directly owns 12,457 shares of the company’s stock, valued at approximately $367,356.93. The trade was a 23.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,219 shares of company stock worth $1,178,519. Corporate insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Xometry in the second quarter worth about $38,000. ProShare Advisors LLC purchased a new stake in Xometry during the 2nd quarter worth approximately $53,000. Point72 Asset Management L.P. acquired a new position in shares of Xometry in the 2nd quarter valued at approximately $55,000. US Bancorp DE boosted its stake 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 during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Xometry during the second quarter worth approximately $129,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Trading Down 1.1 %

Shares of Xometry stock opened at $44.18 on Friday. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The business’s fifty day moving average is $30.82 and its two-hundred day moving average is $21.22. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The firm has a market cap of $2.19 billion, a PE ratio of -42.08 and a beta of 0.83.

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.