Xometry’s (XMTR) “Market Outperform” Rating Reiterated at JMP Securities

Xometry (NASDAQ:XMTR)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a note issued to investors on Monday,Benzinga reports. They presently have a $42.00 target price on the stock. JMP Securities’ price objective suggests a potential upside of 12.84% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. UBS Group upped their price target on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Craig Hallum upped their target price on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Citigroup boosted their price objective on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Cantor Fitzgerald restated an “underweight” rating and set a $12.00 target price on shares of Xometry in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.71.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $37.22 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. Xometry has a 1-year low of $11.08 and a 1-year high of $38.74. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -35.45 and a beta of 0.83. The business has a 50-day moving average of $27.20 and a 200-day moving average of $19.80.

Insider Buying and Selling at Xometry

In other Xometry news, Director Emily Rollins sold 3,729 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 12,457 shares in the company, valued at $367,356.93. This represents a 23.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Peter Goguen sold 5,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was 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 38,233 shares of company stock worth $1,139,000 in the last ninety days. 16.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Xometry

Hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Xometry during the second quarter worth $38,000. ProShare Advisors LLC acquired a new stake in Xometry during the second quarter worth about $53,000. Point72 Asset Management L.P. acquired a new stake in Xometry during the second quarter worth about $55,000. US Bancorp DE lifted its holdings in Xometry by 57.7% in the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Xometry in the second quarter valued at approximately $129,000. Institutional investors and hedge funds 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.