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

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $35.78.

Several brokerages recently commented on XMTR. UBS Group lifted their price objective on Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price objective on Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Cantor Fitzgerald boosted 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 boosted their price target on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group boosted their price target on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 8th.

Insider Buying and Selling at Xometry

In other news, CEO Randolph Altschuler sold 9,332 shares of Xometry stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total transaction of $302,263.48. Following the completion of the sale, the chief executive officer directly owned 319,602 shares of the company's stock, valued at approximately $10,351,908.78. The trade was a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.66% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Xometry by 2.8% during the first quarter. Vanguard Group Inc. now owns 4,413,337 shares of the company's stock valued at $109,980,000 after buying an additional 120,065 shares during the period. Sylebra Capital LLC raised its stake in Xometry by 2.6% during the first quarter. Sylebra Capital LLC now owns 1,881,624 shares of the company's stock worth $46,890,000 after purchasing an additional 46,874 shares during the period. Geode Capital Management LLC raised its stake in Xometry by 0.9% during 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 during the period. New York State Common Retirement Fund raised its stake in 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 during the period. Finally, Ameriprise Financial Inc. raised its stake in Xometry by 225.7% during the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock worth $36,381,000 after purchasing an additional 590,974 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Stock Up 2.6%

Shares of Xometry stock traded up $0.89 during midday trading on Wednesday, hitting $35.53. The company had a trading volume of 778,204 shares, compared to its average volume of 671,871. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.70 and a current ratio of 3.74. The stock has a market capitalization of $1.80 billion, a P/E ratio of -35.89 and a beta of 0.83. The company has a 50 day moving average of $32.59 and a 200 day moving average of $31.17. Xometry has a 52-week low of $11.33 and a 52-week high of $45.33.

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.