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

Xometry, Inc. (NASDAQ:XMTR) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $33.33.

A number of analysts have recently issued reports on XMTR shares. UBS Group lifted their price target on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a research report on Monday, December 16th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. Royal Bank of Canada lifted their price objective on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Finally, Craig Hallum raised their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Xometry Stock Up 2.5 %

Shares of NASDAQ:XMTR opened at $34.06 on Wednesday. Xometry has a one year low of $11.08 and a one year high of $45.33. The firm has a fifty day moving average price of $35.42 and a two-hundred day moving average price of $24.36. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -32.44 and a beta of 0.70.

Insider Activity

In other news, CFO James Miln sold 5,386 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the sale, the chief financial officer now owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Peter Goguen sold 5,000 shares of Xometry stock in a transaction on Monday, November 11th. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the transaction, the chief operating officer now directly owns 175,419 shares in the company, valued at approximately $5,613,408. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,605 shares of company stock valued at $1,533,640. 16.79% of the stock is currently owned by insiders.

Institutional Trading of Xometry

A number of institutional investors have recently modified their holdings of XMTR. ProShare Advisors LLC bought a new position in Xometry during the 2nd quarter valued at approximately $53,000. Point72 Asset Management L.P. bought a new position in shares of Xometry during the second quarter valued at approximately $55,000. US Bancorp DE raised its holdings in shares of 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 acquiring an additional 2,037 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Xometry in the second quarter worth $129,000. Finally, SG Americas Securities LLC bought a new stake in Xometry in the third quarter valued at $153,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.