Xometry, Inc. (NASDAQ:XMTR) Receives $36.11 Average Price Target from Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $36.11.

Several research analysts recently commented on the stock. Cantor Fitzgerald increased their target price on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, February 26th. UBS Group increased their price objective on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. JMP Securities reiterated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a report on Monday, February 10th. Finally, Royal Bank of Canada raised their price target on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd.

Insider Buying and Selling at Xometry

In other news, CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the sale, the chief executive officer now owns 256,570 shares in the company, valued at approximately $6,824,762. This trade represents a 9.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Peter Goguen sold 940 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the transaction, the chief operating officer now owns 167,993 shares in the company, valued at approximately $7,116,183.48. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,965 shares of company stock worth $2,050,643 over the last 90 days. Company insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Xometry in the 3rd quarter valued at $355,000. Intech Investment Management LLC bought a new stake in shares of Xometry in the third quarter valued at about $205,000. Charles Schwab Investment Management Inc. grew its stake in shares of Xometry by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock valued at $6,519,000 after acquiring an additional 16,396 shares in the last quarter. FMR LLC increased its position in Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after acquiring an additional 1,169,778 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Xometry in the 3rd quarter worth about $383,000. Institutional investors own 97.31% of the company’s stock.

Xometry Trading Up 0.2 %

NASDAQ:XMTR opened at $25.13 on Monday. The company has a market cap of $1.26 billion, a P/E ratio of -23.93 and a beta of 0.69. Xometry has a twelve month low of $11.08 and a twelve month high of $45.33. The business has a 50 day moving average price of $30.04 and a two-hundred day moving average price of $29.20. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

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.