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

Shares of Xometry, Inc. (NASDAQ:XMTR - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine research firms that are covering the stock, MarketBeat Ratings reports. One equities research 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 price objective among analysts that have covered the stock in the last year is $34.89.

A number of equities analysts recently issued reports on the company. JMP Securities reissued a "market outperform" rating and set a $42.00 price target on shares of Xometry in a report on Monday, February 10th. The Goldman Sachs Group increased their price target on Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. UBS Group raised their target price on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Royal Bank of Canada lifted their price objective on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, Cantor Fitzgerald raised their price target on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th.

Xometry Price Performance

Shares of XMTR opened at $34.10 on Tuesday. The firm has a fifty day moving average price of $25.60 and a 200 day moving average price of $30.80. 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 stock has a market cap of $1.72 billion, a PE ratio of -32.48 and a beta of 0.71.

Insider Activity

In other Xometry news, CEO Randolph Altschuler sold 27,566 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction 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 is accessible through this hyperlink. Also, CFO James Miln sold 7,235 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.61, for a total transaction of $192,523.35. Following the sale, the chief financial officer now directly owns 131,090 shares of the company's stock, valued at $3,488,304.90. This represents a 5.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,297 shares of company stock worth $2,214,438 over the last ninety days. 9.66% of the stock is currently owned by insiders.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Xometry by 2.8% during the first quarter. Vanguard Group Inc. now owns 4,413,337 shares of the company's stock worth $109,980,000 after buying an additional 120,065 shares during the period. Sylebra Capital LLC increased its holdings in Xometry by 2.6% in the 1st quarter. Sylebra Capital LLC now owns 1,881,624 shares of the company's stock valued at $46,890,000 after purchasing an additional 46,874 shares in the last quarter. Geode Capital Management LLC raised its position in Xometry by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock valued at $42,861,000 after purchasing an additional 8,974 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Xometry by 4.4% during the first quarter. New York State Common Retirement Fund now owns 942,088 shares of the company's stock worth $23,477,000 after purchasing an additional 39,480 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Xometry by 225.7% in the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock valued at $36,381,000 after buying an additional 590,974 shares in the last quarter. 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.

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