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

Shares of Xometry, Inc. (NASDAQ:XMTR) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.71.

A number of research firms recently issued reports on XMTR. Citigroup lifted their price objective on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JMP Securities boosted their price target on Xometry from $34.00 to $42.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Royal Bank of Canada lifted their target price on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, UBS Group boosted their target price on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th.

Insiders Place Their Bets

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 transaction of $62,730.00. Following the completion of the transaction, the chief technology officer now owns 82,918 shares of the company’s stock, valued at $1,529,837.10. The trade was a 3.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter Goguen sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the sale, the chief operating officer now directly owns 175,419 shares in the company, valued at approximately $5,613,408. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,633 shares of company stock valued at $1,201,730 over the last 90 days. 16.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Xometry by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after acquiring an additional 76,976 shares during the period. Versor Investments LP acquired a new position in shares of Xometry during the third quarter valued at about $411,000. ARK Investment Management LLC raised its position in shares of Xometry by 74.9% during the second quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock valued at $3,063,000 after buying an additional 113,478 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Xometry by 191.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock valued at $3,981,000 after buying an additional 142,262 shares during the period. Finally, Sylebra Capital LLC grew its position in Xometry by 134.2% during 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 in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Stock Down 0.8 %

XMTR stock opened at $31.00 on Tuesday. The company has a 50 day moving average of $22.98 and a two-hundred day moving average of $18.08. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -29.52 and a beta of 0.55. Xometry has a 12-month low of $11.08 and a 12-month high of $38.74. 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 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.