Xometry, Inc. (NASDAQ:XMTR – Get Free Report) has received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $33.33.
A number of brokerages recently issued reports on XMTR. The Goldman Sachs Group lifted their target price on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 price target on shares of Xometry in a research note on Wednesday, November 6th. Wedbush restated an “outperform” rating and set a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. Royal Bank of Canada upped their target price on Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Finally, UBS Group boosted their price target on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th.
View Our Latest Report on Xometry
Xometry Stock Down 1.6 %
Insider Buying and Selling
In related news, CTO Matthew Leibel sold 16,564 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total transaction of $498,245.12. Following the completion of the sale, the chief technology officer now owns 77,856 shares in the company, valued at approximately $2,341,908.48. This trade represents a 17.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. Insiders have sold 47,605 shares of company stock valued at $1,533,640 over the last quarter. Corporate insiders own 16.79% of the company’s stock.
Hedge Funds Weigh In On Xometry
Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Xometry by 21.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,522 shares of the company’s stock valued at $1,624,000 after purchasing an additional 25,247 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Xometry by 66.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 25,403 shares of the company’s stock worth $294,000 after acquiring an additional 10,103 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Xometry by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 58,002 shares of the company’s stock valued at $670,000 after purchasing an additional 3,690 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Xometry by 44.9% during the second quarter. Dimensional Fund Advisors LP now owns 493,847 shares of the company’s stock valued at $5,712,000 after buying an additional 153,107 shares during the period. Finally, Primecap Management Co. CA raised its stake in Xometry by 1.4% in the second quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock worth $78,666,000 after buying an additional 93,350 shares in the last quarter. 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.
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