Analysts Set Xometry, Inc. (NASDAQ:XMTR) Price Target at $33.33

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $33.33.

XMTR has been the subject of several recent analyst reports. Cantor Fitzgerald reissued an "underweight" rating and set a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. Craig Hallum increased 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. JMP Securities reiterated a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a research report on Monday, December 16th. Royal Bank of Canada raised their price target on Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upgraded Xometry from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th.

Xometry Price Performance

Shares of XMTR traded up $0.86 during mid-day trading on Wednesday, reaching $34.15. 682,020 shares of the stock traded hands, compared to its average volume of 767,024. 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 1 year low of $11.08 and a 1 year high of $45.33. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -32.52 and a beta of 0.70. The firm has a fifty day moving average price of $35.16 and a 200 day moving average price of $23.58.

Insider Transactions at Xometry

In related news, Director Emily Rollins sold 3,729 shares of Xometry 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 transaction, the director now directly owns 12,457 shares of the company's stock, valued at $367,356.93. The trade was a 23.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Peter Goguen sold 12,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $29.55, for a total transaction of $354,600.00. Following the sale, the chief operating officer now directly owns 180,419 shares of the company's stock, valued at $5,331,381.45. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,605 shares of company stock worth $1,430,140. Company insiders own 16.79% of the company's stock.

Institutional Trading of Xometry

A number of institutional investors have recently modified their holdings of the company. Weiss Asset Management LP bought a new position in Xometry during the 3rd quarter valued at approximately $1,586,000. Barclays PLC increased its stake in shares of Xometry by 360.9% during the third quarter. Barclays PLC now owns 68,951 shares of the company's stock valued at $1,266,000 after buying an additional 53,991 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Xometry during the third quarter valued at approximately $355,000. Versor Investments LP bought a new position in shares of Xometry during the third quarter valued at approximately $411,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Xometry by 191.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company's stock worth $3,981,000 after acquiring an additional 142,262 shares during the period. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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.