Xometry, Inc. (NASDAQ:XMTR - Get Free Report) shot up 6.7% on Monday . The company traded as high as $37.20 and last traded at $37.10. 208,182 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 590,854 shares. The stock had previously closed at $34.76.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Citigroup increased their target price on shares of Xometry from $25.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on shares of Xometry from $23.00 to $27.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. JMP Securities reissued a "market outperform" rating and set a $42.00 price target on shares of Xometry in a research report on Monday. The Goldman Sachs Group boosted their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Craig Hallum lifted their price target on shares of Xometry from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.71.
Check Out Our Latest Research Report on Xometry
Xometry Trading Up 5.7 %
The firm has a market cap of $1.82 billion, a PE ratio of -34.98 and a beta of 0.83. The stock's 50 day simple moving average is $26.80 and its 200 day simple moving average is $19.65. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.
Insider Activity
In related news, COO Peter Goguen sold 5,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the sale, the chief operating officer now directly owns 175,419 shares of the company's stock, valued at $5,613,408. This represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Emily Rollins sold 3,729 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $29.49, for a total transaction of $109,968.21. Following the completion of the sale, the director now directly owns 12,457 shares of the company's stock, valued at approximately $367,356.93. This trade represents a 23.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,233 shares of company stock valued at $1,139,000 in the last 90 days. 16.79% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Xometry
Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Xometry during the second quarter valued at about $38,000. ProShare Advisors LLC acquired a new position in Xometry in the 2nd quarter valued at $53,000. Point72 Asset Management L.P. acquired a new position in Xometry in the 2nd quarter valued at $55,000. US Bancorp DE increased 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 worth $102,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Xometry in the 2nd quarter worth $129,000. 97.31% of the stock is currently owned by institutional investors.
Xometry Company Profile
(
Get Free Report)
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.
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