Xometry (NASDAQ:XMTR) Price Target Raised to $108.00

Xometry (NASDAQ:XMTR – Free Report) had its price target increased by UBS Group from $95.00 to $108.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms also recently commented on XMTR. JPMorgan Chase & Co. lifted their price objective on Xometry from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank Of Canada increased their target price on Xometry from $100.00 to $117.00 and gave the company a “hold” rating in a report on Wednesday. Wedbush raised their price target on Xometry from $126.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citizens Jmp lifted their price target on Xometry from $120.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Finally, Raymond James Financial set a $120.00 price objective on Xometry in a research report on Tuesday, September 22nd. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Xometry presently has a consensus rating of “Moderate Buy” and an average target price of $123.64.

Check Out Our Latest Research Report on XMTR

Xometry Trading Up 5.4%

Shares of XMTR stock traded up $5.94 on Wednesday, hitting $114.95. 1,101,668 shares of the company’s stock traded hands, compared to its average volume of 746,134. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. Xometry has a one year low of $35.86 and a one year high of $117.94. The company’s fifty day simple moving average is $98.21 and its 200 day simple moving average is $77.22. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of -338.08 and a beta of 1.33.

Xometry (NASDAQ:XMTR – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business had revenue of $252.44 million during the quarter, compared to the consensus estimate of $235.54 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. Equities analysts forecast that Xometry will post -0.01 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Sanjeev Sahni sold 1,500 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $108.80, for a total transaction of $163,200.00. Following the transaction, the chief executive officer owned 178,291 shares in the company, valued at $19,398,060.80. The trade was a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Randolph Altschuler sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $108.90, for a total value of $1,089,000.00. Following the completion of the sale, the director owned 531,270 shares of the company’s stock, valued at approximately $57,855,303. This trade represents a 1.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,199 shares of company stock valued at $7,126,855 over the last three months. Company insiders own 9.10% of the company’s stock.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XMTR. Integrated Wealth Concepts LLC purchased a new position in Xometry during the 2nd quarter valued at $36,000. IFP Advisors Inc boosted its stake in shares of Xometry by 687.5% during the 3rd quarter. IFP Advisors Inc now owns 441 shares of the company’s stock valued at $45,000 after purchasing an additional 385 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Xometry by 74.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock valued at $67,000 after buying an additional 697 shares during the period. CoreCap Advisors LLC bought a new position in Xometry in the second quarter worth about $97,000. Finally, GAMMA Investing LLC raised its stake in Xometry by 36.5% in the third quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry News Roundup

Here are the key news stories impacting Xometry this week:

About Xometry

(Get Free Report)

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.

Further Reading

Analyst Recommendations for Xometry (NASDAQ:XMTR)

Receive News & Ratings for Xometry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xometry and related companies with MarketBeat.com's FREE daily email newsletter.