Xometry, Inc. (NASDAQ:XMTR) Receives $35.78 Average Price Target from Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $35.78.

XMTR has been the topic of several analyst reports. Cantor Fitzgerald increased 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. Royal Bank Of Canada increased their target price on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. UBS Group increased their target price on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group increased their target price on shares of Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd.

Insider Activity

In other news, CEO Randolph Altschuler sold 9,332 shares of the firm's stock in a transaction dated 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 approximately $10,351,908.78. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Emily Rollins sold 10,041 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $30.70, for a total value of $308,258.70. Following the completion of the sale, the director directly owned 11,105 shares in the company, valued at approximately $340,923.50. This represents a 47.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.66% of the company's stock.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently made changes to their positions in XMTR. GAMMA Investing LLC lifted its stake in shares of Xometry by 160.1% in the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock valued at $25,000 after buying an additional 618 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Xometry in the fourth quarter valued at about $38,000. CWM LLC lifted its stake in shares of Xometry by 825.6% in the first quarter. CWM LLC now owns 1,555 shares of the company's stock valued at $39,000 after buying an additional 1,387 shares during the period. Comerica Bank lifted its stake in shares of Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after buying an additional 749 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in shares of Xometry in the fourth quarter valued at about $51,000. Institutional investors own 97.31% of the company's stock.

Xometry Stock Performance

Xometry stock traded down $1.47 during mid-day trading on Wednesday, hitting $34.49. 690,773 shares of the company's stock were exchanged, compared to its average volume of 616,212. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91. Xometry has a 1-year low of $11.33 and a 1-year high of $45.33. The stock has a 50 day moving average of $33.12 and a two-hundred day moving average of $31.09.

About Xometry

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.