Xometry (NASDAQ:XMTR) Sets New 1-Year High – What’s Next?

Xometry, Inc. (NASDAQ:XMTR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $45.99 and last traded at $45.99, with a volume of 1256 shares traded. The stock had previously closed at $43.88.

Analysts Set New Price Targets

A number of research analysts recently weighed in on XMTR shares. UBS Group lifted their target price on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wedbush reissued an “outperform” rating and set a $48.00 price target on shares of Xometry in a report on Friday, December 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a research note on Monday, December 16th. Craig Hallum lifted their target price on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald restated an “underweight” rating and issued a $12.00 price target on shares of Xometry in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.89.

Xometry Stock Performance

The company has a market capitalization of $2.11 billion, a P/E ratio of -40.63 and a beta of 0.83. The business has a 50 day moving average of $31.72 and a 200 day moving average of $21.76. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Insider Activity

In other news, COO Peter Goguen sold 986 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total transaction of $39,518.88. Following the sale, the chief operating officer now directly owns 168,933 shares in the company, valued at approximately $6,770,834.64. This represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Matthew Leibel sold 16,564 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total transaction of $498,245.12. Following the completion of the transaction, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at approximately $2,341,908.48. The trade was a 17.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,279 shares of company stock worth $1,162,332. 16.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Xometry

Several large investors have recently modified their holdings of XMTR. nVerses Capital LLC bought a new stake in Xometry in the second quarter worth $38,000. ProShare Advisors LLC purchased a new stake in shares of Xometry in the second quarter valued at $53,000. Point72 Asset Management L.P. bought a new stake in shares of Xometry in the 2nd quarter worth about $55,000. US Bancorp DE lifted its holdings in shares of Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Xometry during the 2nd quarter worth about $129,000. 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.