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

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $31.89.

XMTR has been the topic of several analyst reports. Royal Bank of Canada upped their price target on Xometry from $23.00 to $27.00 and gave the company a "sector perform" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upgraded shares of Xometry from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $25.00 to $45.00 in a research note on Wednesday. The Goldman Sachs Group raised their price target on shares of Xometry from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Craig Hallum upped their price target on shares of Xometry from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Wedbush reissued an "outperform" rating and set a $48.00 price objective on shares of Xometry in a research note on Friday.

Insider Activity at Xometry

In other Xometry news, Director Emily Rollins sold 3,729 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $29.49, for a total value of $109,968.21. Following the sale, the director now owns 12,457 shares of the company's stock, valued at $367,356.93. This trade represents a 23.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter Goguen sold 986 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total transaction of $39,518.88. Following the completion of the transaction, the chief operating officer now owns 168,933 shares in the company, valued at $6,770,834.64. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. In 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 Trading of Xometry

Large investors have recently modified their holdings of the business. Weiss Asset Management LP purchased a new stake in Xometry in the 3rd quarter worth approximately $1,586,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Xometry during the third quarter valued at approximately $355,000. Versor Investments LP purchased a new stake in Xometry in the third quarter worth $411,000. ARK Investment Management LLC boosted its holdings in Xometry by 74.9% in the second quarter. ARK Investment Management LLC now owns 264,937 shares of the company's stock valued at $3,063,000 after acquiring an additional 113,478 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Xometry by 191.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company's stock valued at $3,981,000 after purchasing an additional 142,262 shares during the period. 97.31% of the stock is owned by institutional investors.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $41.67 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $42.00. The stock has a market cap of $2.07 billion, a PE ratio of -39.69 and a beta of 0.83. The stock has a fifty day moving average of $28.45 and a 200-day moving average of $20.22.

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.