Xometry, Inc. (NASDAQ:XMTR) Receives $36.11 Average PT from Brokerages

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $36.11.

A number of research firms have weighed in on XMTR. UBS Group lifted their price objective on Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Citigroup lowered their price objective on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Cantor Fitzgerald increased their target price on shares of Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a research report on Wednesday, February 26th. 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 note on Friday, January 3rd. Finally, Wedbush reiterated an "outperform" rating and issued a $48.00 target price on shares of Xometry in a report on Friday, December 20th.

Insider Transactions at Xometry

In other Xometry news, CEO Randolph Altschuler sold 27,566 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total value of $733,255.60. Following the transaction, the chief executive officer now owns 256,570 shares in the company, valued at $6,824,762. The trade was a 9.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James Miln sold 5,386 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the transaction, the chief financial officer now owns 102,329 shares of the company's stock, valued at approximately $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. Insiders have sold 73,965 shares of company stock worth $2,050,643 over the last quarter. 16.79% of the stock is currently owned by insiders.

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Institutional Trading of Xometry

A number of large investors have recently modified their holdings of XMTR. Global Retirement Partners LLC acquired a new stake in Xometry in the 4th quarter valued at about $27,000. Canada Pension Plan Investment Board acquired a new stake in Xometry in the fourth quarter valued at approximately $38,000. Comerica Bank increased its holdings in shares of Xometry by 195.1% during the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after acquiring an additional 749 shares during the last quarter. CoreCap Advisors LLC bought a new position in Xometry in the 4th quarter worth $51,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Xometry during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Stock Up 0.6 %

NASDAQ XMTR traded up $0.14 during trading on Monday, hitting $25.21. The company's stock had a trading volume of 223,510 shares, compared to its average volume of 656,407. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The company has a market cap of $1.27 billion, a PE ratio of -24.01 and a beta of 0.69. The business's 50 day simple moving average is $30.20 and its 200-day simple moving average is $29.23.

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.