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

Shares of Xometry, Inc. (NASDAQ:XMTR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $35.78.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. Cantor Fitzgerald increased their price objective on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. Royal Bank Of Canada increased 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. UBS Group increased their price objective on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group upped their target price on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

Xometry Stock Down 2.1%

NASDAQ XMTR traded down $0.75 during trading hours on Wednesday, hitting $34.78. 105,145 shares of the company were exchanged, compared to its average volume of 610,761. The company has a 50 day moving average of $32.79 and a two-hundred day moving average of $31.20. The company has a quick ratio of 3.70, a current ratio of 3.74 and a debt-to-equity ratio of 0.91. Xometry has a 52-week low of $11.33 and a 52-week high of $45.33. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -35.01 and a beta of 0.83.

Insider Buying and Selling

In other Xometry news, Director Emily Rollins sold 10,041 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $30.70, for a total transaction of $308,258.70. Following the completion of the sale, the director directly owned 11,105 shares of the company's stock, valued at approximately $340,923.50. This trade represents a 47.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randolph Altschuler sold 9,332 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $32.39, for a total value of $302,263.48. Following the sale, the chief executive officer directly owned 319,602 shares of the company's stock, valued at $10,351,908.78. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.66% of the stock is currently owned by company insiders.

Institutional Trading of Xometry

Several hedge funds have recently modified their holdings of XMTR. First Trust Advisors LP lifted 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 valued at $34,873,000 after buying an additional 781,049 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Xometry by 225.7% in the 4th 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 during the period. Nuveen LLC acquired a new stake in shares of Xometry in the 1st quarter valued at approximately $14,639,000. Next Century Growth Investors LLC lifted its holdings in shares of Xometry by 194.1% in the 1st quarter. Next Century Growth Investors LLC now owns 664,292 shares of the company's stock valued at $16,554,000 after buying an additional 438,393 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Xometry in the 4th quarter valued at approximately $17,623,000. 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.