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

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.56.

A number of brokerages have commented on XMTR. Cantor Fitzgerald lifted their target price on Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JMP Securities reaffirmed a "market outperform" rating and set a $42.00 target price on shares of Xometry in a report on Monday, February 10th. UBS Group lifted their price target on shares of Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Finally, Citigroup cut their price objective on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th.

Xometry Stock Performance

Xometry stock traded down $0.30 during mid-day trading on Friday, reaching $25.64. The company's stock had a trading volume of 665,137 shares, compared to its average volume of 611,604. 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 $24.38 and a 200-day moving average price of $29.70. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -24.42 and a beta of 0.72.

Insiders Place Their Bets

In other news, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.60, for a total value of $733,255.60. Following the transaction, the chief executive officer now owns 256,570 shares of the company's stock, valued at $6,824,762. This trade represents a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Emily Rollins sold 2,000 shares of Xometry stock in a transaction on Monday, April 7th. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares in the company, valued at $333,576.36. This trade represents a 11.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,256 shares of company stock valued at $2,012,889 in the last three months. Insiders own 16.79% of the company's stock.

Institutional Trading of Xometry

Several hedge funds have recently added to or reduced their stakes in XMTR. Vanguard Group Inc. raised its position in shares of Xometry by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock valued at $183,151,000 after buying an additional 86,997 shares during the last quarter. Sylebra Capital LLC raised its stake in shares of Xometry by 2.1% in the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company's stock valued at $78,270,000 after acquiring an additional 37,883 shares during the last quarter. Geode Capital Management LLC boosted its stake in Xometry by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock worth $42,861,000 after purchasing an additional 8,974 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Xometry by 225.7% during the 4th 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. Finally, First Trust Advisors LP lifted its position in shares of Xometry by 2,144.2% during the fourth 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. 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.