Xometry, Inc. (NASDAQ:XMTR) Given Average Rating of “Moderate Buy” by Analysts

Xometry, Inc. (NASDAQ:XMTR) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat reports. One research 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 1 year price target among brokerages that have issued ratings on the stock in the last year is $36.11.

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. UBS Group lifted their target price on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Wedbush reissued an “outperform” rating and set a $48.00 price objective on shares of Xometry in a report on Friday, December 20th. Citigroup reduced their target price on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Cantor Fitzgerald upped their price target on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, February 26th.

Xometry Stock Performance

Shares of Xometry stock opened at $25.89 on Monday. 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 business has a 50 day moving average price of $30.55 and a 200-day moving average price of $29.14. Xometry has a 52 week low of $11.08 and a 52 week high of $45.33. The company has a market cap of $1.30 billion, a PE ratio of -24.66 and a beta of 0.69.

Insider Activity at Xometry

In related news, COO Peter Goguen sold 940 shares of the 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 transaction, the chief operating officer now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Miln sold 5,386 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the sale, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at $4,331,586.57. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,965 shares of company stock valued at $2,050,643 over the last 90 days. 16.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Xometry

Institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new stake in Xometry in the fourth quarter valued at approximately $27,000. Canada Pension Plan Investment Board bought a new position in shares of Xometry in the fourth quarter worth approximately $38,000. Comerica Bank increased its stake in shares of Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock worth $48,000 after buying an additional 749 shares during the period. CoreCap Advisors LLC bought a new stake in Xometry during the 4th quarter valued at $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Xometry during the 4th quarter valued at $73,000. 97.31% of the stock is currently 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.