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

Key Points

• Xometry, Inc. has received a consensus rating of "Moderate Buy" from nine brokerage firms, with the average 1-year target price set at $35.78.
• CEO Randolph Altschuler sold 9,332 shares of the company, representing a 2.84% decrease in his position, while Director Emily Rollins sold 10,041 shares, decreasing her ownership by 47.48%.
• Institutional investors and hedge funds own an impressive 97.31% of Xometry's stock, indicating strong institutional support.

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has earned an average rating of "Moderate Buy" from the nine analysts that are presently covering the firm, Marketbeat reports. One investment 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 12 month price target among brokerages that have covered the stock in the last year is $35.7778.

A number of brokerages have recently commented on XMTR. Citigroup reissued an "outperform" rating on shares of Xometry in a report on Friday, July 11th. 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. 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. The Goldman Sachs Group increased their price objective on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada raised their target price on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th.

Xometry Stock Down 0.3%

Shares of NASDAQ XMTR traded down $0.10 during mid-day trading on Friday, reaching $30.97. 716,323 shares of the company traded hands, compared to its average volume of 615,079. 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 cap of $1.57 billion, a PE ratio of -31.28 and a beta of 0.83. The company's fifty day moving average is $33.34 and its two-hundred day moving average is $30.30. Xometry has a fifty-two week low of $11.33 and a fifty-two week high of $45.33.

Insider Buying and Selling

In other news, Director Emily Rollins sold 10,041 shares of Xometry 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 sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randolph Altschuler sold 9,332 shares of Xometry 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 in the company, valued at $10,351,908.78. The trade was a 2.84% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.66% of the company's stock.

Institutional Trading of Xometry

Several institutional investors have recently modified their holdings of XMTR. State of Wyoming lifted its position in shares of Xometry by 8.2% during the 4th quarter. State of Wyoming now owns 8,876 shares of the company's stock worth $379,000 after buying an additional 676 shares during the period. Vontobel Holding Ltd. bought a new position in shares of Xometry during the 1st quarter worth approximately $420,000. GAMMA Investing LLC lifted its position in shares of Xometry by 6,381.9% during the 1st quarter. GAMMA Investing LLC now owns 25,020 shares of the company's stock worth $623,000 after buying an additional 24,634 shares during the period. SG Americas Securities LLC lifted its position in shares of Xometry by 259.0% during the 1st quarter. SG Americas Securities LLC now owns 50,035 shares of the company's stock worth $1,247,000 after buying an additional 36,097 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of Xometry during the 4th quarter worth approximately $259,000. 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.