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

Xometry, Inc. (NASDAQ:XMTR) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.89.

Several research firms recently issued reports on XMTR. Cantor Fitzgerald reissued an “underweight” rating and set a $12.00 price target on shares of Xometry in a research report on Wednesday, November 6th. Wedbush restated an “outperform” rating and issued a $48.00 price target on shares of Xometry in a research report on Friday, December 20th. The Goldman Sachs Group boosted their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group increased their price objective on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Craig Hallum lifted their target price on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th.

Xometry Stock Down 1.1 %

NASDAQ:XMTR opened at $44.18 on Friday. The stock has a 50-day simple moving average of $30.82 and a 200 day simple moving average of $21.22. Xometry has a one year low of $11.08 and a one year high of $45.33. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -42.08 and a beta of 0.83. 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 Activity

In other Xometry news, CTO Matthew Leibel sold 16,564 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total transaction of $498,245.12. Following the transaction, the chief technology officer now owns 77,856 shares of the company’s stock, valued at approximately $2,341,908.48. This trade represents a 17.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Peter Goguen sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00. Following the sale, the chief operating officer now owns 175,419 shares in the company, valued at $5,613,408. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,219 shares of company stock valued at $1,178,519. Insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in Xometry during the 2nd quarter valued at $38,000. ProShare Advisors LLC bought a new stake in shares of Xometry in the 2nd quarter worth $53,000. Point72 Asset Management L.P. acquired a new stake in shares of Xometry in the second quarter valued at $55,000. US Bancorp DE boosted its stake in Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after buying an additional 2,037 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Xometry during the second quarter valued at about $129,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.