Xometry (NASDAQ:XMTR) Receives Market Outperform Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of Xometry (NASDAQ:XMTR - Free Report) in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a $42.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald reiterated an "underweight" rating and set a $12.00 price objective on shares of Xometry in a research note on Wednesday, November 6th. Craig Hallum increased 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. UBS Group boosted their price objective on shares of Xometry from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their target price on shares of Xometry from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their target price on Xometry from $23.00 to $27.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.71.

Xometry Stock Up 5.7 %

NASDAQ:XMTR traded up $1.97 during trading hours on Monday, reaching $36.73. 927,033 shares of the stock were exchanged, compared to its average volume of 594,047. The stock has a market cap of $1.82 billion, a PE ratio of -34.98 and a beta of 0.83. Xometry has a twelve month low of $11.08 and a twelve month high of $38.74. The firm has a 50 day moving average of $26.80 and a 200 day moving average of $19.65. 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 Buying and Selling at Xometry

In other news, COO Peter Goguen sold 5,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the sale, the chief operating officer now owns 175,419 shares of the company's stock, valued at approximately $5,613,408. This represents a 2.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Matthew Leibel sold 16,564 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total transaction of $498,245.12. Following the sale, the chief technology officer now owns 77,856 shares in the company, valued at $2,341,908.48. This represents a 17.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,233 shares of company stock valued at $1,139,000 in the last quarter. Company insiders own 16.79% of the company's stock.

Institutional Investors Weigh In On Xometry

A number of large investors have recently modified their holdings of XMTR. Weiss Asset Management LP bought a new stake in shares of Xometry during the 3rd quarter valued at approximately $1,586,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Xometry in the third quarter valued at approximately $355,000. Versor Investments LP bought a new stake in shares of Xometry during the third quarter worth $411,000. ARK Investment Management LLC increased its holdings in shares of Xometry by 74.9% during the second quarter. ARK Investment Management LLC now owns 264,937 shares of the company's stock worth $3,063,000 after buying an additional 113,478 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Xometry by 191.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company's stock worth $3,981,000 after buying an additional 142,262 shares in the last quarter. 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.