Xometry, Inc. (NASDAQ:XMTR) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $34.44.

Several analysts recently weighed in on the company. JMP Securities reissued a "market outperform" rating and issued a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. Citigroup reduced their price objective on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada boosted 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 lifted their price target on shares of Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd.

Xometry Stock Up 6.4 %

XMTR stock traded up $1.62 during mid-day trading on Friday, hitting $26.78. 1,019,790 shares of the company were exchanged, compared to its average volume of 608,793. The company has a market capitalization of $1.35 billion, a PE ratio of -25.50 and a beta of 0.72. The firm has a fifty day simple moving average of $24.90 and a 200 day simple moving average of $29.70. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry has a twelve month low of $11.08 and a twelve month high of $45.33.

Insiders Place Their Bets

In other Xometry news, Director Emily Rollins sold 2,000 shares of Xometry stock in a transaction on Monday, April 7th. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the sale, the director now owns 16,146 shares of the company's stock, valued at $333,576.36. The trade was a 11.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Peter Goguen sold 3,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was 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 approximately $5,762,091.01. The trade was a 1.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,256 shares of company stock worth $2,012,889. Insiders own 16.79% of the company's stock.

Institutional Investors Weigh In On Xometry

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Xometry by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock valued at $183,151,000 after buying an additional 86,997 shares during the period. Sylebra Capital LLC increased its stake in shares of Xometry by 2.1% during the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company's stock valued at $78,270,000 after acquiring an additional 37,883 shares during the period. Geode Capital Management LLC raised its holdings in Xometry by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock worth $42,861,000 after purchasing an additional 8,974 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Xometry by 225.7% in the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock worth $36,381,000 after purchasing an additional 590,974 shares during the period. Finally, First Trust Advisors LP lifted its position in Xometry by 2,144.2% in the fourth quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock worth $34,873,000 after purchasing an additional 781,049 shares during the period. Institutional investors and hedge funds 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.