Xometry, Inc. (NASDAQ:XMTR) Given Average Recommendation of “Moderate Buy” by Analysts

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

XMTR has been the topic of several analyst reports. Cantor Fitzgerald upped their target price on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. Royal Bank of Canada lifted 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. Wedbush restated an “outperform” rating and issued a $48.00 price target on shares of Xometry in a research note on Friday, December 20th. Finally, UBS Group increased their price objective on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th.

Xometry Stock Performance

Shares of Xometry stock opened at $19.98 on Monday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -19.03 and a beta of 0.69. 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 $45.33. The firm’s 50-day moving average is $29.56 and its 200 day moving average is $29.16.

Insider Transactions at Xometry

In other Xometry news, COO Peter Goguen sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $35.57, for a total value of $106,710.00. Following the completion of the sale, the chief operating officer now owns 161,993 shares in the company, valued at $5,762,091.01. This represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Randolph Altschuler sold 9,331 shares of Xometry stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.16, for a total value of $234,767.96. Following the transaction, the chief executive officer now directly owns 328,934 shares in the company, valued at approximately $8,275,979.44. The trade was a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,256 shares of company stock worth $2,075,069 in the last ninety days. Insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XMTR. Global Retirement Partners LLC bought a new stake in shares of Xometry during the 4th quarter valued at $27,000. Canada Pension Plan Investment Board purchased a new position in shares of Xometry in the fourth quarter valued at about $38,000. Comerica Bank lifted its position in shares of Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after acquiring an additional 749 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Xometry in the fourth quarter worth about $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Xometry during the fourth quarter worth about $73,000. 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.