Xometry (NASDAQ:XMTR) Given New $28.00 Price Target at The Goldman Sachs Group

Xometry (NASDAQ:XMTR) had its price objective increased by The Goldman Sachs Group from $24.00 to $28.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 price target on shares of Xometry in a research report on Wednesday. Royal Bank of Canada lifted their target price on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Wednesday. JMP Securities increased their price target on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Finally, Craig Hallum lifted their price objective on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Xometry currently has an average rating of “Hold” and a consensus target price of $26.29.

Xometry Price Performance

XMTR opened at $30.59 on Wednesday. The stock’s 50-day moving average price is $19.77 and its 200 day moving average price is $16.84. Xometry has a 12-month low of $11.08 and a 12-month high of $38.74. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -29.13 and a beta of 0.55. The company has a current ratio of 4.59, a quick ratio of 4.60 and a debt-to-equity ratio of 0.90.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.13. The business had revenue of $132.60 million for the quarter, compared to analysts’ expectations of $128.65 million. Xometry had a negative net margin of 9.72% and a negative return on equity of 10.16%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.55) earnings per share. As a group, sell-side analysts expect that Xometry will post -0.81 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the sale, the chief technology officer now owns 82,918 shares of the company’s stock, valued at approximately $1,529,837.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in Xometry in the second quarter valued at $38,000. ProShare Advisors LLC acquired a new stake in shares of Xometry during the second quarter worth about $53,000. Point72 Asset Management L.P. purchased a new stake in shares of Xometry in the 2nd quarter valued at about $55,000. US Bancorp DE boosted its position in shares of Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after purchasing an additional 2,037 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Xometry during the 2nd quarter worth approximately $129,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.