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

Shares of Xometry, Inc. (NASDAQ:XMTR) have received an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $33.56.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Xometry from $45.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Cantor Fitzgerald increased their price objective on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, February 26th. Citigroup cut their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. UBS Group boosted their target price on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Finally, JMP Securities restated a “market outperform” rating and set a $42.00 price target on shares of Xometry in a report on Monday, February 10th.

Insider Activity

In related news, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the transaction, the chief executive officer now directly owns 256,570 shares of the company’s stock, valued at approximately $6,824,762. The trade was a 9.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emily Rollins sold 2,000 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the transaction, the director now owns 16,146 shares in the company, valued at $333,576.36. The trade was a 11.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,256 shares of company stock valued at $2,012,889 in the last ninety days. Insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

Several hedge funds and other institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new stake in Xometry in the fourth quarter worth $27,000. Canada Pension Plan Investment Board bought a new stake in Xometry during the 4th quarter valued at about $38,000. GAMMA Investing LLC lifted its holdings in Xometry by 160.1% during the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company’s stock valued at $25,000 after buying an additional 618 shares in the last quarter. Comerica Bank grew its stake in Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock worth $48,000 after acquiring an additional 749 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in shares of Xometry during the fourth quarter worth approximately $51,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Xometry Stock Down 3.1 %

Shares of XMTR opened at $25.94 on Friday. The business’s 50 day moving average is $24.51 and its 200 day moving average is $29.73. 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 12-month low of $11.08 and a 12-month high of $45.33. The company has a market capitalization of $1.30 billion, a PE ratio of -24.70 and a beta of 0.72.

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.