Xometry (NASDAQ:XMTR) Shares Gap Up - What's Next?

Xometry, Inc. (NASDAQ:XMTR - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $25.72, but opened at $26.96. Xometry shares last traded at $26.31, with a volume of 39,530 shares changing hands.

Wall Street Analyst Weigh In

XMTR has been the subject of several research analyst reports. Wedbush reiterated an "outperform" rating and issued a $48.00 price target on shares of Xometry in a report on Friday, December 20th. UBS Group upped their target price on shares of Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised Xometry from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Royal Bank of Canada upped their price objective on Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Friday, January 3rd. Finally, Citigroup dropped their target price on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.11.

Xometry Stock Down 1.2 %

The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The firm has a 50-day moving average of $30.99 and a 200 day moving average of $28.95. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -25.24 and a beta of 0.69.

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Insider Activity

In related news, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the transaction, the chief executive officer now owns 256,570 shares in the company, valued at approximately $6,824,762. This trade represents a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James Miln sold 5,386 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 102,329 shares in the company, valued at approximately $4,331,586.57. This trade represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,965 shares of company stock valued at $2,050,643. 16.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently added to or reduced their stakes in XMTR. Global Retirement Partners LLC acquired a new position in shares of Xometry in the fourth quarter valued at $27,000. Canada Pension Plan Investment Board acquired a new position in Xometry in the 4th quarter valued at about $38,000. Comerica Bank raised its holdings in Xometry by 195.1% in 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 period. CoreCap Advisors LLC acquired a new stake in Xometry during the fourth quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. bought a new stake 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 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.