Xometry’s (XMTR) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Xometry (NASDAQ:XMTR) in a research note published on Monday,Benzinga reports. The brokerage currently has a $42.00 price target on the stock.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 price objective on shares of Xometry in a research note on Wednesday, November 6th. Craig Hallum raised their target price on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Xometry Stock Performance

Shares of NASDAQ XMTR opened at $35.34 on Monday. The firm’s 50-day moving average price is $36.64 and its 200-day moving average price is $26.58. 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 company has a market cap of $1.75 billion, a PE ratio of -33.66 and a beta of 0.65. Xometry has a 52-week low of $11.08 and a 52-week high of $45.33.

Insider Activity

In related news, CFO James Miln sold 5,386 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the transaction, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. This trade represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Peter Goguen sold 940 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the transaction, the chief operating officer now directly owns 167,993 shares of the company’s stock, valued at approximately $7,116,183.48. This trade represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,312 shares of company stock worth $517,537 over the last quarter. Insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in shares of Xometry in the fourth quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new position in Xometry during the fourth quarter worth $73,000. Victory Capital Management Inc. purchased a new position in Xometry during the fourth quarter worth $219,000. AssuredPartners Investment Advisors LLC purchased a new position in Xometry during the fourth quarter worth $221,000. Finally, Atria Investments Inc purchased a new position in Xometry during the fourth quarter worth $224,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.