Brokerages Set Xometry, Inc. (NASDAQ:XMTR) Price Target at $34.89

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.89.

A number of equities research analysts have commented on the company. Citigroup reduced their target price on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Royal Bank of Canada lifted their price objective on Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. The Goldman Sachs Group increased their price objective on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Cantor Fitzgerald increased their price objective on shares of Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Wednesday, May 7th. Finally, JMP Securities restated a "market outperform" rating and set a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th.

Xometry Stock Performance

Shares of NASDAQ:XMTR traded up $0.09 during trading on Tuesday, reaching $33.49. The company had a trading volume of 388,439 shares, compared to its average volume of 599,972. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -31.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The stock's fifty day moving average price is $26.31 and its 200 day moving average price is $30.98.

Insider Activity

In other Xometry news, CFO James Miln sold 1,346 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total transaction of $33,824.98. Following the completion of the sale, the chief financial officer now directly owns 144,713 shares in the company, valued at $3,636,637.69. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Emily Rollins sold 2,000 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the sale, the director now owns 16,146 shares of the company's stock, valued at $333,576.36. This represents a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,297 shares of company stock valued at $2,214,438 in the last 90 days. 9.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of XMTR. Vanguard Group Inc. increased its holdings in Xometry by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 4,413,337 shares of the company's stock valued at $109,980,000 after purchasing an additional 120,065 shares in the last quarter. Sylebra Capital LLC lifted its position in Xometry by 2.6% during the 1st quarter. Sylebra Capital LLC now owns 1,881,624 shares of the company's stock worth $46,890,000 after acquiring an additional 46,874 shares in the last quarter. Geode Capital Management LLC lifted its position in Xometry by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock worth $42,861,000 after acquiring an additional 8,974 shares in the last quarter. New York State Common Retirement Fund lifted its position in Xometry by 4.4% during the 1st quarter. New York State Common Retirement Fund now owns 942,088 shares of the company's stock worth $23,477,000 after acquiring an additional 39,480 shares in the last quarter. Finally, 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 acquiring an additional 590,974 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

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.