Cantor Fitzgerald Issues Positive Forecast for Xometry (NASDAQ:XMTR) Stock Price

Xometry (NASDAQ:XMTR - Get Free Report) had its price objective raised by research analysts at Cantor Fitzgerald from $12.00 to $20.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Cantor Fitzgerald's target price suggests a potential downside of 26.79% from the stock's previous close. Cantor Fitzgerald also issued estimates for Xometry's FY2025 earnings at ($0.40) EPS.

Several other research firms have also recently issued reports on XMTR. Royal Bank of Canada boosted their target price on shares of Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. raised shares of Xometry from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. Citigroup lifted their target price on shares of Xometry from $25.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. 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 note on Wednesday, November 6th. Finally, Wedbush reiterated an "outperform" rating and issued a $48.00 price objective on shares of Xometry in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Xometry has a consensus rating of "Moderate Buy" and an average target price of $36.11.

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Xometry Stock Performance

XMTR traded down $0.03 on Wednesday, reaching $27.32. 1,065,206 shares of the stock were exchanged, compared to its average volume of 680,008. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The company's 50-day moving average price is $36.13 and its 200 day moving average price is $28.08. 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 market capitalization of $1.35 billion, a PE ratio of -26.02 and a beta of 0.65.

Insider Activity

In related news, COO Peter Goguen sold 986 shares of Xometry stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $40.08, for a total value 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 approximately $6,770,834.64. This trade represents a 0.58 % 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 Xometry stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the sale, the chief financial officer now directly 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. 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 company insiders.

Institutional Trading of Xometry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in Xometry in the 4th quarter valued at $27,000. Canada Pension Plan Investment Board purchased a new position in Xometry in the 4th quarter valued at $38,000. Comerica Bank grew its position 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 buying an additional 749 shares during the last quarter. CoreCap Advisors LLC purchased a new position in Xometry in the 4th quarter valued at $51,000. Finally, SBI Securities Co. Ltd. purchased a new position in Xometry during the fourth quarter worth about $73,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.