Xometry (NASDAQ:XMTR) Price Target Raised to $20.00 at Cantor Fitzgerald

Xometry (NASDAQ:XMTR) had its price objective lifted by Cantor Fitzgerald from $12.00 to $20.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other research analysts have also weighed in on XMTR. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and upped their price target for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their target price on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group increased their price target on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup boosted their price objective on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Craig Hallum upped their price objective on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Xometry has a consensus rating of “Moderate Buy” and an average target price of $35.44.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $27.02 on Wednesday. The company’s fifty day moving average is $36.61 and its two-hundred day moving average is $28.01. The company has a market cap of $1.34 billion, a P/E ratio of -25.73 and a beta of 0.65. Xometry has a 12-month low of $11.08 and a 12-month high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Insider Buying and Selling at Xometry

In other news, CFO James Miln sold 5,386 shares of Xometry stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the transaction, the chief financial officer now owns 102,329 shares in the company, valued at approximately $4,331,586.57. The trade was a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Peter Goguen sold 3,000 shares of Xometry stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total value of $106,710.00. Following the completion of the transaction, the chief operating officer now directly owns 161,993 shares of the company’s stock, valued at $5,762,091.01. This represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,312 shares of company stock worth $517,537 over the last ninety days. 16.79% of the stock is currently owned by insiders.

Institutional Trading of Xometry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of Xometry in the 4th quarter valued at about $27,000. Canada Pension Plan Investment Board acquired a new position in Xometry in the fourth quarter valued at approximately $38,000. Comerica Bank lifted its holdings in Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after buying an additional 749 shares during the period. CoreCap Advisors LLC bought a new position in Xometry in the fourth quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Xometry during the 4th quarter worth $73,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.