Xometry (NASDAQ:XMTR) Price Target Raised to $117.00

Xometry (NASDAQ:XMTR) had its price objective raised by Royal Bank Of Canada from $100.00 to $117.00 in a report issued on Wednesday morning, MarketBeat Ratings reports. They currently have a hold rating on the stock.

A number of other brokerages also recently weighed in on XMTR. The Goldman Sachs Group boosted their price objective on shares of Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Rosenblatt Securities raised their target price on shares of Xometry from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. Wedbush lifted their target price on Xometry from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on Xometry in a report on Monday, August 24th. They set an “overweight” rating and a $120.00 target price for the company. Finally, Cantor Fitzgerald increased their price target on Xometry from $110.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.64.

Xometry Stock Performance

Shares of XMTR stock traded up $5.94 on Wednesday, hitting $114.95. 1,101,668 shares of the stock traded hands, compared to its average volume of 746,134. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The company has a market capitalization of $5.96 billion, a PE ratio of -338.08 and a beta of 1.33. Xometry has a 1-year low of $35.86 and a 1-year high of $117.94. The company’s fifty day moving average is $98.21 and its 200 day moving average is $77.22.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $252.44 million during the quarter, compared to the consensus estimate of $235.54 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The firm’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, equities research analysts predict that Xometry will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sanjeev Sahni sold 1,500 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $108.80, for a total value of $163,200.00. Following the sale, the chief executive officer owned 178,291 shares of the company’s stock, valued at $19,398,060.80. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 5,000 shares of Xometry stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $95.23, for a total transaction of $476,150.00. Following the completion of the sale, the director owned 35,345 shares in the company, valued at approximately $3,365,904.35. This represents a 12.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,199 shares of company stock worth $7,126,855 in the last 90 days. 9.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xometry

Several large investors have recently made changes to their positions in XMTR. Russell Investments Group Ltd. grew its holdings in Xometry by 86.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 224,048 shares of the company’s stock worth $23,044,000 after buying an additional 103,827 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Xometry by 7.6% in the 3rd quarter. Pictet Asset Management Holding SA now owns 7,203 shares of the company’s stock valued at $741,000 after acquiring an additional 508 shares during the period. Integrity Alliance LLC. bought a new stake in Xometry during the 3rd quarter valued at $252,000. IPG Investment Advisors LLC raised its stake in Xometry by 34.4% during the 3rd quarter. IPG Investment Advisors LLC now owns 3,361 shares of the company’s stock valued at $346,000 after acquiring an additional 861 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Xometry by 7.4% during the 3rd quarter. ProShare Advisors LLC now owns 6,507 shares of the company’s stock worth $669,000 after acquiring an additional 446 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry News Summary

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Several firms—including UBS, Cantor Fitzgerald, Citizens JMP, Rosenblatt, Citigroup, JPMorgan and RBC—issued favorable outlooks or raised price targets, reinforcing expectations for further share appreciation. UBS analyst outlook Cantor Fitzgerald outlook Citizens JMP outlook Rosenblatt price target Citigroup outlook JPMorgan outlook RBC price target
• Positive Sentiment: Recent Seeking Alpha commentary describes Xometry’s growth thesis as playing out and the business as powering ahead, adding to the optimistic narrative. Xometry: The Thesis Is Playing Out Xometry Powers Ahead
• Positive Sentiment: A report points to GAAP profitability, a $1 billion revenue run rate and a Siemens partnership expected to support margin gains in 2027. Separately, the latest reported quarter beat analyst expectations for EPS and revenue, with revenue up 39.5% year over year. Profitability, revenue run rate and Siemens partnership report
• Neutral Sentiment: The profitability outlook is not yet unambiguous: the supplied quarterly figures also show a negative net margin, so investors may look for sustained earnings improvement to validate the bullish case.

Xometry Company Profile

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.