Xometry (NASDAQ:XMTR) Price Target Raised to $35.00

Xometry (NASDAQ:XMTR) had its price objective lifted by UBS Group from $33.00 to $35.00 in a report published on Wednesday morning, MarketBeat Ratings reports. UBS Group currently has a neutral rating on the stock.

Several other analysts have also commented on XMTR. JMP Securities reiterated a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. Citigroup dropped their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on Xometry from $45.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada dropped their price objective on Xometry from $36.00 to $32.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 29th. Finally, Cantor Fitzgerald raised their price target on shares of Xometry from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.89.

Xometry Price Performance

Xometry stock opened at $30.49 on Wednesday. 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 firm’s 50-day simple moving average is $24.60 and its 200 day simple moving average is $30.12. Xometry has a 52 week low of $11.08 and a 52 week high of $45.33. The firm has a market capitalization of $1.53 billion, a PE ratio of -29.04 and a beta of 0.71.

Insider Activity

In other news, CFO James Miln sold 1,346 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total value of $33,824.98. Following the transaction, the chief financial officer now directly owns 144,713 shares in the company, valued at $3,636,637.69. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Emily Rollins sold 2,000 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the sale, the director now owns 16,146 shares of the company’s stock, valued at $333,576.36. The trade was a 11.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,297 shares of company stock valued at $2,321,148 in the last 90 days. 16.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. lifted its holdings in shares of Xometry by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock valued at $190,000 after acquiring an additional 333 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Xometry by 160.1% during the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company’s stock worth $25,000 after purchasing an additional 618 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Xometry in the fourth quarter worth about $27,000. State of Wyoming grew its stake in shares of Xometry by 8.2% in the fourth quarter. State of Wyoming now owns 8,876 shares of the company’s stock valued at $379,000 after buying an additional 676 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Xometry by 195.1% during the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after buying an additional 749 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

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.