The Goldman Sachs Group Issues Positive Forecast for Xometry (NASDAQ:XMTR) Stock Price

Xometry (NASDAQ:XMTR) had its price objective raised by The Goldman Sachs Group from $30.00 to $33.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

XMTR has been the topic of several other research reports. UBS Group boosted their target price on shares of Xometry from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup dropped their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Cantor Fitzgerald boosted their target price on shares of Xometry from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday. Royal Bank of Canada increased their price objective on shares of Xometry from $32.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on Xometry from $45.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.89.

Xometry Stock Down 0.3 %

Shares of NASDAQ XMTR opened at $30.49 on Thursday. Xometry has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The company’s 50 day moving average price is $24.60 and its 200-day moving average price is $30.19. The company has a market capitalization of $1.53 billion, a P/E ratio of -29.04 and a beta of 0.71.

Insider Buying and Selling at Xometry

In other news, CEO Randolph Altschuler sold 9,331 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $25.16, for a total value of $234,767.96. Following the transaction, the chief executive officer now owns 328,934 shares in the company, valued at $8,275,979.44. The trade was a 2.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Emily Rollins sold 10,041 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $30.70, for a total value of $308,258.70. Following the completion of the transaction, the director now directly owns 11,105 shares of the company’s stock, valued at approximately $340,923.50. This represents a 47.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,297 shares of company stock worth $2,321,148. Insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of XMTR. GAMMA Investing LLC increased its holdings in 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 buying an additional 618 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Xometry during the 4th quarter worth approximately $27,000. Canada Pension Plan Investment Board bought a new stake in shares of Xometry in the 4th quarter worth approximately $38,000. CWM LLC lifted its stake in Xometry by 825.6% in the first quarter. CWM LLC now owns 1,555 shares of the company’s stock valued at $39,000 after purchasing an additional 1,387 shares during the last quarter. Finally, Comerica Bank grew its holdings in Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after purchasing an additional 749 shares during the period. 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.