Xometry, Inc. (NASDAQ:XMTR) Receives $27.71 Average Price Target from Brokerages

Xometry, Inc. (NASDAQ:XMTR) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $27.71.

Several research analysts have recently weighed in on XMTR shares. Craig Hallum increased their price objective on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup increased their price target on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their target price on Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Finally, UBS Group boosted their price target on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th.

Xometry Stock Performance

NASDAQ XMTR opened at $31.05 on Tuesday. The business’s 50-day moving average price is $23.46 and its 200 day moving average price is $18.28. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry has a twelve month low of $11.08 and a twelve month high of $38.74. The company has a market capitalization of $1.54 billion, a PE ratio of -29.57 and a beta of 0.55.

Insiders Place Their Bets

In other Xometry news, CTO Matthew Leibel sold 16,564 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total value of $498,245.12. Following the completion of the sale, the chief technology officer now owns 77,856 shares of the company’s stock, valued at $2,341,908.48. This trade represents a 17.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter Goguen sold 12,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $29.55, for a total transaction of $354,600.00. Following the transaction, the chief operating officer now directly owns 180,419 shares in the company, valued at approximately $5,331,381.45. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,633 shares of company stock worth $1,201,730 over the last quarter. 16.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XMTR. nVerses Capital LLC purchased a new position in Xometry in the 2nd quarter valued at about $38,000. ProShare Advisors LLC purchased a new position in Xometry in the second quarter valued at about $53,000. Point72 Asset Management L.P. purchased a new position in Xometry in the second quarter valued at about $55,000. US Bancorp DE increased its holdings in Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after purchasing an additional 2,037 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Xometry in the 2nd quarter valued at approximately $129,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.