Xometry, Inc. (NASDAQ:XMTR) Receives $27.71 Average Price Target from Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR - Get Free Report) have received an average recommendation of "Hold" from the seven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $27.71.

A number of equities analysts have weighed in on XMTR shares. Cantor Fitzgerald reiterated an "underweight" rating and set a $12.00 price objective on shares of Xometry in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price target on Xometry from $23.00 to $27.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. JMP Securities raised their price objective on shares of Xometry from $34.00 to $42.00 and gave the stock a "market outperform" rating in a research note on Thursday, November 14th. Craig Hallum increased their target price on shares of Xometry from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, UBS Group lifted their price target on Xometry from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th.

Xometry Stock Performance

Shares of XMTR stock traded down $1.45 during trading hours on Tuesday, hitting $31.26. The company's stock had a trading volume of 338,216 shares, compared to its average volume of 601,753. The stock has a market cap of $1.55 billion, a PE ratio of -29.77 and a beta of 0.55. Xometry has a 12-month low of $11.08 and a 12-month high of $38.74. The company has a 50 day moving average of $22.51 and a 200 day moving average of $17.88. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Insider Buying and Selling

In other Xometry news, Director Emily Rollins sold 3,729 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total transaction of $109,968.21. Following the transaction, the director now owns 12,457 shares of the company's stock, valued at approximately $367,356.93. The trade was a 23.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Matthew Leibel sold 3,400 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares of the company's stock, valued at $1,529,837.10. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,633 shares of company stock worth $1,201,730. 16.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of Xometry in the 2nd quarter worth approximately $38,000. ProShare Advisors LLC acquired a new position in Xometry during the second quarter worth $53,000. Point72 Asset Management L.P. purchased a new position in shares of Xometry during the second quarter worth $55,000. US Bancorp DE grew its position in Xometry by 57.7% in the 3rd 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. Finally, SG Americas Securities LLC purchased a new stake in Xometry during the 3rd quarter worth approximately $153,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Xometry Company Profile

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.