Xometry (NASDAQ:XMTR) Given New $42.00 Price Target at JMP Securities

Xometry (NASDAQ:XMTR) had its target price upped by JMP Securities from $34.00 to $42.00 in a research note released on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Several other analysts also recently commented on XMTR. The Goldman Sachs Group upped their price target 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. Citigroup raised their price target on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Craig Hallum raised their price objective on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 target price on shares of Xometry in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.71.

Xometry Trading Down 1.2 %

Shares of XMTR traded down $0.36 during trading on Thursday, reaching $29.23. 207,651 shares of the company traded hands, compared to its average volume of 602,315. Xometry has a twelve month low of $11.08 and a twelve month high of $38.74. The stock has a market cap of $1.44 billion, a PE ratio of -28.18 and a beta of 0.55. The stock has a 50-day simple moving average of $20.75 and a 200-day simple moving average of $17.23. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Insider Activity

In other Xometry news, CTO Matthew Leibel sold 16,564 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total transaction of $498,245.12. Following the transaction, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at approximately $2,341,908.48. The trade was a 17.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $29.49, for a total transaction of $109,968.21. Following the transaction, the director now owns 12,457 shares in the company, valued at $367,356.93. This represents a 23.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,633 shares of company stock valued at $1,201,730. Insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Xometry during the second quarter worth approximately $38,000. ProShare Advisors LLC purchased a new stake in Xometry during the second quarter worth $53,000. Point72 Asset Management L.P. purchased a new stake in Xometry during the second quarter worth $55,000. US Bancorp DE lifted its position in shares of Xometry by 57.7% in the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after acquiring an additional 2,037 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Xometry in the second quarter valued at $129,000. Hedge funds and other institutional investors 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.