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

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

Several equities analysts have commented on XMTR shares. JMP Securities reissued a "market outperform" rating and set a $42.00 target price on shares of Xometry in a research report on Monday. Royal Bank of Canada lifted their target price on shares of Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Friday, January 3rd. Craig Hallum lifted their target price on shares of Xometry from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an "underweight" rating and set a $12.00 target price on shares of Xometry in a research report on Wednesday, November 6th. Finally, UBS Group lifted their target price on shares of Xometry from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th.

Xometry Stock Performance

Shares of Xometry stock traded up $0.30 during mid-day trading on Friday, hitting $35.34. 461,971 shares of the stock were exchanged, compared to its average volume of 650,413. Xometry has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a 50-day simple moving average of $36.58 and a 200 day simple moving average of $26.52. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The company has a market capitalization of $1.75 billion, a P/E ratio of -33.66 and a beta of 0.65.

Insider Activity at Xometry

In other news, COO Peter Goguen sold 986 shares of the business's stock in a transaction on 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 directly owns 168,933 shares in the company, valued at $6,770,834.64. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James Miln sold 5,386 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the transaction, the chief financial officer now owns 102,329 shares of the company's stock, valued at $4,331,586.57. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,312 shares of company stock worth $517,537. Corporate insiders own 16.79% of the company's stock.

Institutional Trading of Xometry

Several hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new position in shares of Xometry during the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new position in Xometry during the fourth quarter valued at approximately $73,000. US Bancorp DE raised its position in Xometry by 57.7% in the third quarter. US Bancorp DE now owns 5,570 shares of the company's stock worth $102,000 after acquiring an additional 2,037 shares during the period. SG Americas Securities LLC bought a new stake in shares of Xometry during the 3rd quarter valued at $153,000. Finally, Palumbo Wealth Management LLC bought a new stake in shares of Xometry during the 3rd quarter valued at $191,000. 97.31% of the stock is owned by 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.