Brokerages Set Xometry, Inc. (NASDAQ:XMTR) PT at $35.78

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $35.78.

Several analysts have recently weighed in on XMTR shares. Citigroup decreased 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. lifted their price objective on shares of Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada boosted their price objective on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Cantor Fitzgerald raised their target price on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 7th. Finally, UBS Group lifted their price target on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th.

Xometry Trading Up 1.2%

Shares of XMTR stock traded up $0.37 on Friday, reaching $31.06. 734,911 shares of the company's stock were exchanged, compared to its average volume of 618,247. The company's fifty day simple moving average is $29.52 and its 200 day simple moving average is $31.30. Xometry has a 52 week low of $11.08 and a 52 week high of $45.33. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $1.57 billion, a PE ratio of -31.37 and a beta of 0.84.

Insider Activity at Xometry

In other news, CFO James Miln sold 1,346 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total value of $33,824.98. Following the transaction, the chief financial officer now owns 144,713 shares of the company's stock, valued at $3,636,637.69. This represents a 0.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Randolph Altschuler sold 9,331 shares of the firm's 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 owns 328,934 shares of the company's stock, valued at $8,275,979.44. This trade represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,658 shares of company stock valued at $641,813. 9.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Xometry

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new stake in Xometry during the fourth quarter worth approximately $27,000. Canada Pension Plan Investment Board acquired a new stake in Xometry during the fourth quarter worth approximately $38,000. GAMMA Investing LLC lifted its position in shares of Xometry by 160.1% during the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after buying an additional 618 shares during the last quarter. Comerica Bank boosted its holdings in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after buying an additional 749 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new position in shares of Xometry in the 4th quarter valued at $51,000. Institutional investors and hedge funds 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.