Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTR) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $31.89.

XMTR has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $12.00 target price on shares of Xometry in a research report on Wednesday, November 6th. UBS Group boosted their price objective on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their target price on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. 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 report on Wednesday, November 6th. Finally, Citigroup upped their price target on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Xometry Trading Up 13.9 %

Xometry stock opened at $41.67 on Friday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -39.69 and a beta of 0.83. Xometry has a 1 year low of $11.08 and a 1 year high of $42.00. The firm’s 50 day moving average price is $28.45 and its two-hundred day moving average price is $20.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Insider Buying and Selling at Xometry

In related news, COO Peter Goguen sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 owns 175,419 shares of the company’s stock, valued at approximately $5,613,408. The trade was a 2.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Emily Rollins sold 3,729 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total value of $109,968.21. Following the completion of the transaction, the director now owns 12,457 shares in the company, valued at $367,356.93. This represents a 23.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,219 shares of company stock worth $1,178,519. 16.79% of the stock is currently owned by company insiders.

Institutional Trading of Xometry

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its holdings in shares of Xometry by 32.9% during the 3rd quarter. Franklin Resources Inc. now owns 38,881 shares of the company’s stock valued at $731,000 after purchasing an additional 9,625 shares in the last quarter. Barclays PLC increased its position in Xometry by 360.9% during the third quarter. Barclays PLC now owns 68,951 shares of the company’s stock worth $1,266,000 after buying an additional 53,991 shares during the last quarter. Geode Capital Management LLC raised its holdings in Xometry by 4.3% during the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock valued at $18,291,000 after buying an additional 41,341 shares in the last quarter. Sylebra Capital LLC raised its holdings in Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after buying an additional 288,151 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in Xometry during the third quarter valued at about $1,586,000. 97.31% of the stock is owned by 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.