Free Trial

Xometry (NASDAQ:XMTR) Stock Price Up 6% - Here's Why

Xometry logo with Industrials background

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.

See Also

Should You Invest $1,000 in Xometry Right Now?

Before you consider Xometry, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xometry wasn't on the list.

While Xometry currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore
AI Stocks Are Printing Money — These 3 Are Just Getting Started
Why Drone Stocks Are Skyrocketing Right Now!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines