Xometry (NASDAQ:XMTR) Shares Down 4.6% - Should You Sell?

Xometry, Inc. (NASDAQ:XMTR - Get Free Report)'s stock price was down 4.6% during trading on Tuesday . The stock traded as low as $33.98 and last traded at $33.90. Approximately 133,344 shares traded hands during trading, a decline of 80% from the average daily volume of 670,156 shares. The stock had previously closed at $35.54.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XMTR. Cantor Fitzgerald restated an "underweight" rating and issued a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. Wedbush reissued an "outperform" rating and issued a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. UBS Group boosted their target price on shares of Xometry from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Craig Hallum lifted their price objective on shares of Xometry from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a report on Monday, December 16th. One 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. According to data from MarketBeat.com, Xometry currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

Xometry Stock Down 1.5 %

The company has a market cap of $1.77 billion, a price-to-earnings ratio of -33.97 and a beta of 0.65. The firm has a 50-day moving average price of $36.41 and a 200 day moving average price of $26.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

Insider Transactions at Xometry

In other Xometry news, COO Peter Goguen sold 3,000 shares of Xometry stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $34.50, for a total value of $103,500.00. Following the completion of the transaction, the chief operating officer now directly owns 164,993 shares of the company's stock, valued at $5,692,258.50. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Matthew Leibel sold 16,564 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total value of $498,245.12. Following the sale, the chief technology officer now directly owns 77,856 shares in the company, valued at approximately $2,341,908.48. This trade represents a 17.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,876 shares of company stock valued at $1,069,072. 16.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XMTR. Global Retirement Partners LLC bought a new position in shares of Xometry in the 4th quarter valued at $27,000. Arizona State Retirement System grew its position in Xometry by 7.9% in the fourth quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock valued at $520,000 after acquiring an additional 891 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Xometry by 0.6% in the third quarter. Raymond James & Associates now owns 287,986 shares of the company's stock worth $5,290,000 after acquiring an additional 1,586 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Xometry in the fourth quarter worth about $73,000. Finally, US Bancorp DE boosted its stake in shares of Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company's stock valued at $102,000 after purchasing an additional 2,037 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.