Xometry, Inc. (NASDAQ:XMTR) Receives Average Rating of “Hold” from Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTR) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $27.71.

Several brokerages have recently commented on XMTR. The Goldman Sachs Group upped their target price on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup upped their price target on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group upped their price target on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Craig Hallum upped their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price target on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In other news, CTO Matthew Leibel sold 3,400 shares of the 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 transaction, the chief technology officer now owns 82,918 shares of the company’s stock, valued at approximately $1,529,837.10. This represents a 3.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Peter Goguen sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the transaction, the chief operating officer now directly owns 175,419 shares in the company, valued at approximately $5,613,408. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,633 shares of company stock valued at $1,201,730 in the last three months. Insiders own 16.79% of the company’s stock.

Institutional Trading of Xometry

Hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in Xometry during the 2nd quarter valued at approximately $38,000. ProShare Advisors LLC bought a new stake in Xometry during the 2nd quarter valued at approximately $53,000. Point72 Asset Management L.P. bought a new stake in Xometry during the 2nd quarter valued at approximately $55,000. US Bancorp DE boosted its stake in 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 purchasing an additional 2,037 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Xometry during the 2nd quarter valued at approximately $129,000. Institutional investors own 97.31% of the company’s stock.

Xometry Trading Up 4.2 %

Shares of NASDAQ XMTR opened at $32.71 on Tuesday. Xometry has a 12 month low of $11.08 and a 12 month high of $38.74. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -31.15 and a beta of 0.55. 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 business has a fifty day simple moving average of $22.51 and a 200-day simple moving average of $17.88.

About Xometry

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.