Analysts Set Xometry, Inc. (NASDAQ:XMTR) PT at $22.71

Xometry, Inc. (NASDAQ:XMTR) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.71.

XMTR has been the topic of a number of recent analyst reports. Cantor Fitzgerald assumed coverage on shares of Xometry in a report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 price target on the stock. Craig Hallum decreased their target price on Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, May 10th. Citigroup cut their price target on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. UBS Group reduced their price objective on shares of Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 target price on shares of Xometry in a research report on Tuesday, April 23rd.

Insider Buying and Selling at Xometry

In other Xometry news, insider Subir Dutt bought 10,000 shares of Xometry stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $15.55 per share, with a total value of $155,500.00. Following the transaction, the insider now directly owns 46,864 shares of the company’s stock, valued at $728,735.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 2,286 shares of company stock valued at $27,662. 19.23% of the stock is currently owned by company insiders.

Institutional Trading of Xometry

A number of hedge funds have recently made changes to their positions in the stock. Primecap Management Co. CA raised its stake in Xometry by 0.3% during the fourth quarter. Primecap Management Co. CA now owns 6,652,858 shares of the company’s stock valued at $238,904,000 after buying an additional 21,647 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Xometry by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after acquiring an additional 76,976 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Xometry by 20.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after purchasing an additional 217,939 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Xometry by 9.4% in the 4th quarter. New York State Common Retirement Fund now owns 1,093,862 shares of the company’s stock worth $39,281,000 after purchasing an additional 94,436 shares in the last quarter. Finally, Sylebra Capital LLC grew its position in Xometry by 1,005.3% during the 1st quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock valued at $10,882,000 after purchasing an additional 585,971 shares during the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Trading Up 0.6 %

Shares of XMTR stock opened at $11.73 on Friday. The business has a 50-day moving average of $14.89 and a 200 day moving average of $22.13. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.34 and a quick ratio of 4.30. Xometry has a 1-year low of $11.08 and a 1-year high of $38.74. The stock has a market capitalization of $541.03 million, a PE ratio of -8.63 and a beta of 0.52.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. The firm had revenue of $122.69 million during the quarter, compared to the consensus estimate of $119.00 million. As a group, sell-side analysts anticipate that Xometry will post -0.99 earnings per share for the current year.

About Xometry

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.