Xometry (NASDAQ:XMTR) Stock Price Up 6.4% - Still a Buy?

Xometry, Inc. (NASDAQ:XMTR - Get Free Report)'s share price traded up 6.4% during trading on Monday . The stock traded as high as $22.52 and last traded at $21.26. 347,003 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 607,578 shares. The stock had previously closed at $19.98.

Analysts Set New Price Targets

XMTR has been the topic of a number of recent research reports. Cantor Fitzgerald raised their target price on Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a report on Wednesday, February 26th. Citigroup dropped their price objective on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. JMP Securities reaffirmed a "market outperform" rating and set a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. UBS Group increased their target price on shares of Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada increased their price objective 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. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.11.

Xometry Stock Up 2.5 %

The stock's 50-day moving average price is $27.67 and its two-hundred day moving average price is $29.26. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.08 billion, a P/E ratio of -20.46 and a beta of 0.72.

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Insider Activity at Xometry

In other news, Director Emily Rollins sold 2,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $20.66, for a total value of $41,320.00. Following the sale, the director now owns 16,146 shares of the company's stock, valued at $333,576.36. The trade was a 11.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James Miln sold 25,852 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the completion of the transaction, the chief financial officer now directly owns 105,238 shares of the company's stock, valued at approximately $2,532,026.28. This trade represents a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,256 shares of company stock worth $2,116,389. Insiders own 16.79% of the company's stock.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in Xometry in the 4th quarter worth about $27,000. Canada Pension Plan Investment Board bought a new position in shares of Xometry in the fourth quarter valued at approximately $38,000. Comerica Bank grew its stake in Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after acquiring an additional 749 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Xometry during the 4th quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Xometry in the 4th quarter worth approximately $73,000. 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.