Xometry (NASDAQ:XMTR) Price Target Raised to $28.00

Xometry (NASDAQ:XMTR) had its price objective upped by The Goldman Sachs Group from $24.00 to $28.00 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on XMTR. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 price target on shares of Xometry in a report on Wednesday. JMP Securities boosted their price objective on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Craig Hallum lifted their target price on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price target on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Xometry presently has a consensus rating of “Hold” and a consensus price target of $26.29.

Xometry Stock Down 0.0 %

Shares of NASDAQ XMTR opened at $30.59 on Wednesday. The business’s fifty day moving average price is $19.77 and its 200-day moving average price is $16.84. Xometry has a one year low of $11.08 and a one year high of $38.74. The stock has a market capitalization of $1.51 billion, a PE ratio of -29.13 and a beta of 0.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.60.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. The business had revenue of $132.60 million during the quarter, compared to analyst estimates of $128.65 million. Xometry had a negative net margin of 9.72% and a negative return on equity of 10.16%. Xometry’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.55) EPS. On average, equities research analysts anticipate that Xometry will post -0.81 EPS for the current year.

Insider Activity

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 16.79% of the stock is owned by corporate insiders.

Institutional Trading of Xometry

A number of institutional investors have recently made changes to their positions in the stock. Sylebra Capital LLC increased its stake in shares of Xometry by 134.2% in the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after buying an additional 864,454 shares during the period. Bellecapital International Ltd. purchased a new stake in Xometry during the 2nd quarter valued at $6,281,000. Clearbridge Investments LLC grew its holdings in Xometry by 20.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after acquiring an additional 217,939 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Xometry in the second quarter valued at about $2,013,000. Finally, Squarepoint Ops LLC raised its stake in shares of Xometry by 227.7% during the second quarter. Squarepoint Ops LLC now owns 249,025 shares of the company’s stock valued at $2,879,000 after acquiring an additional 173,042 shares during the last quarter. Hedge funds and other 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.