Brokerages Set Xometry, Inc. (NASDAQ:XMTR) Price Target at $33.33

Shares of Xometry, Inc. (NASDAQ:XMTR) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $33.33.

Several research analysts have commented on XMTR shares. Wedbush reiterated an “outperform” rating and issued a $48.00 target price on shares of Xometry in a report on Friday, December 20th. UBS Group raised their price objective on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and set a $42.00 target price on shares of Xometry in a research note on Monday. Royal Bank of Canada increased their target price on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Finally, Craig Hallum upped their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Xometry Stock Performance

XMTR opened at $35.04 on Friday. The business has a fifty day simple moving average of $36.58 and a 200-day simple moving average of $26.52. The firm has a market cap of $1.74 billion, a PE ratio of -33.37 and a beta of 0.65. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. 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 Buying and Selling

In other news, CFO James Miln sold 5,386 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the transaction, the chief financial officer now owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. This represents a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Peter Goguen sold 986 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total value of $39,518.88. Following the completion of the transaction, the chief operating officer now directly owns 168,933 shares in the company, valued at $6,770,834.64. The trade was a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,312 shares of company stock worth $410,827. Insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in shares of Xometry in the fourth quarter worth $27,000. SBI Securities Co. Ltd. bought a new position in Xometry in the 4th quarter worth $73,000. US Bancorp DE lifted its position in Xometry by 57.7% during 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. SG Americas Securities LLC bought a new stake in Xometry during the third quarter valued at about $153,000. Finally, Palumbo Wealth Management LLC acquired a new stake in shares of Xometry in the third quarter valued at about $191,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.