Xometry (NASDAQ:XMTR) Earns "Market Outperform" Rating from JMP Securities

Xometry (NASDAQ:XMTR - Get Free Report)'s stock had its "market outperform" rating reiterated by equities research analysts at JMP Securities in a research report issued on Monday,Benzinga reports. They presently have a $42.00 price objective on the stock. JMP Securities' target price points to a potential upside of 10.45% from the company's current price.

XMTR has been the topic of several other research reports. Citigroup increased their target price on shares of Xometry from $25.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Wedbush reissued an "outperform" rating and issued a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. Craig Hallum upped their target price on Xometry from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Cantor Fitzgerald reissued an "underweight" rating and set a $12.00 price target on shares of Xometry in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price objective on Xometry from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.33.

Xometry Trading Up 7.6 %

Shares of NASDAQ XMTR traded up $2.69 during trading hours on Monday, hitting $38.03. 430,856 shares of the company traded hands, compared to its average volume of 642,158. The company's 50 day moving average price is $36.64 and its 200 day moving average price is $26.58. Xometry has a 12 month low of $11.08 and a 12 month high of $45.33. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -36.22 and a beta of 0.65. 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 Transactions at Xometry

In other news, CFO James Miln sold 5,386 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the transaction, the chief financial officer now directly owns 102,329 shares of the company's stock, valued at approximately $4,331,586.57. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Peter Goguen sold 3,000 shares of the company's 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 sale, the chief operating officer now owns 161,993 shares of the company's stock, valued at $5,762,091.01. This trade represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,312 shares of company stock valued at $517,537. 16.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xometry

A number of large investors have recently added to or reduced their stakes in the company. Primecap Management Co. CA boosted its holdings in shares of Xometry by 1.7% in the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company's stock valued at $127,088,000 after buying an additional 113,264 shares in the last quarter. Vanguard Group Inc. lifted its position in Xometry by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock valued at $183,151,000 after acquiring an additional 86,997 shares during the last quarter. FMR LLC boosted its stake in Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company's stock valued at $74,921,000 after acquiring an additional 1,169,778 shares in the last quarter. Fred Alger Management LLC grew its holdings in Xometry by 20.8% in the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company's stock worth $33,354,000 after purchasing an additional 312,971 shares during the last quarter. Finally, Sylebra Capital LLC increased its position in shares of Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company's stock worth $33,008,000 after purchasing an additional 288,151 shares in the last quarter. 97.31% of the stock is currently 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.