Xometry (NASDAQ:XMTR) Price Target Raised to $33.00

Xometry (NASDAQ:XMTR) had its price target boosted by UBS Group from $22.00 to $33.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also issued reports on XMTR. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their price target on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wedbush reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. Cantor Fitzgerald raised their price target on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Craig Hallum boosted their price target on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.11.

Xometry Stock Down 0.1 %

Xometry stock opened at $27.32 on Wednesday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -26.02 and a beta of 0.65. The firm has a 50 day simple moving average of $36.13 and a 200 day simple moving average of $28.08. Xometry has a 1-year low of $11.08 and a 1-year high of $45.33. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Insider Transactions at Xometry

In other Xometry news, CFO James Miln sold 5,386 shares of the firm’s 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 sale, the chief financial officer now owns 102,329 shares in the company, valued at $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 is available at this hyperlink. Also, COO Peter Goguen sold 940 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.36, for a total value of $39,818.40. Following the completion of the transaction, the chief operating officer now owns 167,993 shares of the company’s stock, valued at $7,116,183.48. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,312 shares of company stock valued at $517,537. Insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Global Retirement Partners LLC purchased a new stake in shares of Xometry in the 4th quarter valued at $27,000. Canada Pension Plan Investment Board bought a new stake in Xometry in the fourth quarter worth $38,000. Comerica Bank boosted its position 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 buying an additional 749 shares during the period. CoreCap Advisors LLC bought a new position in shares of Xometry during the fourth quarter valued at about $51,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Xometry during the fourth quarter valued at about $73,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.