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

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.78.

Several equities analysts have commented on XMTR shares. Citigroup dropped their target price on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. Cantor Fitzgerald lifted their price target on Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. Royal Bank of Canada boosted their target price on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group boosted their price objective on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, May 8th.

Xometry Stock Performance

XMTR opened at $30.16 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry has a 52-week low of $11.08 and a 52-week high of $45.33. The firm has a market cap of $1.53 billion, a P/E ratio of -28.72 and a beta of 0.84. The business's fifty day moving average is $29.11 and its 200-day moving average is $31.30.

Insider Transactions at Xometry

In other Xometry news, Director Emily Rollins sold 2,000 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the sale, the director now owns 16,146 shares in the company, valued at approximately $333,576.36. This trade represents a 11.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Randolph Altschuler sold 9,331 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $25.16, for a total value of $234,767.96. Following the completion of the sale, the chief executive officer now owns 328,934 shares of the company's stock, valued at approximately $8,275,979.44. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,644 shares of company stock worth $666,660. 9.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XMTR. First Trust Advisors LP increased its holdings in shares of Xometry by 2,144.2% in the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock worth $34,873,000 after purchasing an additional 781,049 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Xometry in the fourth quarter worth about $30,297,000. Ameriprise Financial Inc. lifted its position in shares of Xometry by 225.7% in the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock worth $36,381,000 after buying an additional 590,974 shares in the last quarter. Nuveen LLC bought a new stake in Xometry during the first quarter worth approximately $14,639,000. Finally, Next Century Growth Investors LLC increased its stake in Xometry by 194.1% during the first quarter. Next Century Growth Investors LLC now owns 664,292 shares of the company's stock worth $16,554,000 after acquiring an additional 438,393 shares during the last quarter. Institutional investors own 97.31% of the company's stock.

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.

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