Xometry, Inc. (NASDAQ:XMTR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $31.89.

A number of analysts recently issued reports on XMTR shares. Royal Bank of Canada lifted 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, November 6th. Citigroup upped their target price on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research note on Monday, December 16th. UBS Group boosted their price objective on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $48.00 target price on shares of Xometry in a report on Friday.

Insider Buying and Selling at Xometry

In related news, CTO Matthew Leibel sold 16,564 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total value of $498,245.12. Following the completion of the transaction, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at $2,341,908.48. This represents a 17.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Peter Goguen sold 986 shares of Xometry stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total value of $39,518.88. Following the sale, the chief operating officer now directly owns 168,933 shares in the company, valued at $6,770,834.64. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,219 shares of company stock worth $1,178,519. 16.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in shares of Xometry by 21.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 140,522 shares of the company’s stock worth $1,624,000 after acquiring an additional 25,247 shares during the period. ARK Investment Management LLC raised its holdings in Xometry by 74.9% during the second quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock worth $3,063,000 after purchasing an additional 113,478 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Xometry in the second quarter worth approximately $330,000. Commonwealth Equity Services LLC boosted its stake in Xometry by 66.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 25,403 shares of the company’s stock valued at $294,000 after purchasing an additional 10,103 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Xometry during the 2nd quarter valued at $38,000. Institutional investors own 97.31% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $41.67 on Friday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $42.00. The business has a 50 day moving average price of $28.45 and a two-hundred day moving average price of $20.22. The firm has a market cap of $2.07 billion, a PE ratio of -39.69 and a beta of 0.83.

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.