Xometry, Inc. (NASDAQ:XMTR - Get Free Report) shares traded up 6% during trading on Thursday . The stock traded as high as $34.18 and last traded at $34.62. 104,749 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 607,839 shares. The stock had previously closed at $32.67.
Analyst Ratings Changes
A number of equities analysts have weighed in on XMTR shares. Cantor Fitzgerald lifted their price target on shares of Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. UBS Group boosted their price objective on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group boosted their price objective on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada boosted their price objective on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.78.
Read Our Latest Stock Report on Xometry
Xometry Trading Up 3.3%
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 $1.71 billion, a PE ratio of -34.08 and a beta of 0.83. The business's 50-day moving average is $32.28 and its two-hundred day moving average is $31.24.
Insiders Place Their Bets
In other Xometry news, Director Emily Rollins sold 10,041 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $30.70, for a total value of $308,258.70. Following the transaction, the director owned 11,105 shares in the company, valued at $340,923.50. The trade was a 47.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Randolph Altschuler sold 9,332 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $32.39, for a total transaction of $302,263.48. Following the completion of the transaction, the chief executive officer owned 319,602 shares in the company, valued at $10,351,908.78. This represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,373 shares of company stock worth $651,842 in the last quarter. 9.66% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Xometry
A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Xometry by 160.1% in the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock valued at $25,000 after purchasing an additional 618 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Xometry in the 4th quarter valued at about $38,000. CWM LLC raised its stake in shares of Xometry by 825.6% in the 1st quarter. CWM LLC now owns 1,555 shares of the company's stock valued at $39,000 after purchasing an additional 1,387 shares in the last quarter. Comerica Bank raised its stake in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after purchasing an additional 749 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Xometry in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 97.31% of the company's stock.
Xometry Company Profile
(
Get Free Report)
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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