Xometry (NASDAQ:XMTR) Shares Up 6% - What's Next?

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) shares were up 6% during trading on Thursday . The stock traded as high as $34.18 and last traded at $34.62. Approximately 104,749 shares changed hands during trading, a decline of 83% from the average daily volume of 607,839 shares. The stock had previously closed at $32.67.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of recent research reports. Cantor Fitzgerald lifted 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. JPMorgan Chase & Co. raised their target price on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group boosted their price target on shares of Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada increased their price target on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Finally, UBS Group boosted their target price on Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.78.

Xometry Stock Up 4.1%

The firm has a 50 day moving average of $31.93 and a two-hundred day moving average of $31.32. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $1.72 billion, a PE ratio of -34.34 and a beta of 0.83.

Insider Transactions at Xometry

In other Xometry news, Director Emily Rollins sold 10,041 shares of the 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 owned 11,105 shares in the company, valued at approximately $340,923.50. This represents a 47.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.66% of the company's stock.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. purchased a new position in shares of Xometry during the 4th quarter worth about $1,258,000. Truist Financial Corp purchased a new position in shares of Xometry in the 4th quarter worth about $225,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Xometry in the 4th quarter worth about $246,000. SBI Securities Co. Ltd. acquired a new stake in Xometry during the 4th quarter worth approximately $73,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Xometry by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,156 shares of the company's stock valued at $15,620,000 after buying an additional 11,307 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.

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.

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