Xometry, Inc. (NASDAQ:XMTR - Get Free Report)'s share price fell 4% during mid-day trading on Thursday . The company traded as low as $32.48 and last traded at $32.48. 99,713 shares changed hands during trading, a decline of 84% from the average session volume of 615,322 shares. The stock had previously closed at $33.82.
Wall Street Analyst Weigh In
XMTR has been the subject of several research analyst reports. 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 report on Tuesday, June 3rd. Citigroup reduced their target price on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. 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 research note on Wednesday, May 7th. Cantor Fitzgerald upped their price target on Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 7th. Finally, UBS Group raised their price objective on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Xometry currently has a consensus rating of "Moderate Buy" and an average target price of $35.78.
View Our Latest Stock Report on XMTR
Xometry Trading Down 5.6%
The stock has a market cap of $1.54 billion, a PE ratio of -28.94 and a beta of 0.84. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The stock's fifty day moving average price is $28.90 and its 200 day moving average price is $31.31.
Insider Transactions at Xometry
In other news, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction that occurred 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 completion of the sale, the director now directly owns 11,105 shares in the company, valued at $340,923.50. The trade was a 47.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Miln sold 1,346 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total transaction of $33,824.98. Following the completion of the sale, the chief financial officer now owns 144,713 shares in the company, valued at $3,636,637.69. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,644 shares of company stock worth $666,660 over the last quarter. 9.66% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted 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 worth $25,000 after purchasing an additional 618 shares during the period. Global Retirement Partners LLC bought a new position in Xometry in the fourth quarter worth approximately $27,000. Canada Pension Plan Investment Board bought a new position in Xometry in the fourth quarter worth approximately $38,000. CWM LLC increased 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 worth $39,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Comerica Bank grew its holdings in Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after purchasing an additional 749 shares during the period. Institutional investors own 97.31% of the company's stock.
About Xometry
(
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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