Xometry (NASDAQ:XMTR) Shares Up 3.5% - Here's What Happened

Xometry, Inc. (NASDAQ:XMTR - Get Free Report)'s stock price traded up 3.5% on Monday . The company traded as high as $26.05 and last traded at $26.05. 579,456 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 607,091 shares. The stock had previously closed at $25.16.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on XMTR shares. JPMorgan Chase & Co. reduced their price target on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reiterated a "market outperform" rating and set a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. Royal Bank of Canada lowered their price target on shares of Xometry from $36.00 to $32.00 and set a "sector perform" rating for the company in a report on Tuesday. UBS Group upped their price objective on Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Finally, Cantor Fitzgerald increased their price objective on Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.56.

Xometry Trading Up 6.4 %

The business's 50 day simple moving average is $24.26 and its 200-day simple moving average is $29.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The stock has a market capitalization of $1.40 billion, a P/E ratio of -26.46 and a beta of 0.72.

Insider Transactions at Xometry

In other Xometry news, CFO James Miln sold 7,235 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.61, for a total value of $192,523.35. Following the sale, the chief financial officer now directly owns 131,090 shares in the company, valued at approximately $3,488,304.90. This trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Emily Rollins sold 2,000 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the sale, the director now owns 16,146 shares of the company's stock, valued at approximately $333,576.36. This represents a 11.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,256 shares of company stock worth $2,012,889 in the last three months. Insiders own 16.79% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XMTR. Vanguard Group Inc. lifted its holdings in shares of Xometry by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock valued at $183,151,000 after purchasing an additional 86,997 shares in the last quarter. Sylebra Capital LLC lifted its stake in Xometry by 2.1% in the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company's stock valued at $78,270,000 after buying an additional 37,883 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Xometry by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock valued at $42,861,000 after buying an additional 8,974 shares during the period. New York State Common Retirement Fund increased its position in shares of 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 acquiring an additional 39,480 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of 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 acquiring an additional 590,974 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

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.