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

Xometry, Inc. (NASDAQ:XMTR) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. One 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 1-year price objective among analysts that have covered the stock in the last year is $36.11.

A number of equities analysts have weighed in on XMTR shares. Royal Bank of Canada raised their target price on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. UBS Group raised their price target on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Citigroup dropped their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Cantor Fitzgerald raised their price objective on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a report on Monday, February 10th.

Xometry Trading Down 6.5 %

Shares of NASDAQ XMTR opened at $23.04 on Thursday. Xometry has a 1 year low of $11.08 and a 1 year high of $45.33. 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 firm has a 50-day moving average of $33.86 and a 200 day moving average of $28.49. The stock has a market cap of $1.14 billion, a P/E ratio of -21.94 and a beta of 0.69.

Insider Activity

In other news, CFO James Miln sold 5,386 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total value of $227,989.38. Following the transaction, the chief financial officer now directly owns 102,329 shares in the company, valued at $4,331,586.57. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction on Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the completion of the sale, the chief executive officer now directly owns 256,570 shares of the company’s stock, valued at $6,824,762. The trade was a 9.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,965 shares of company stock valued at $2,065,315 in the last 90 days. 16.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xometry

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new stake in Xometry during the fourth quarter valued at approximately $27,000. Canada Pension Plan Investment Board purchased a new position in shares of Xometry during the 4th quarter worth $38,000. Comerica Bank grew its position in shares of Xometry by 195.1% during the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after acquiring an additional 749 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of Xometry in the 4th quarter worth $51,000. Finally, SBI Securities Co. Ltd. bought a new position in Xometry in the 4th quarter worth $73,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.