Xometry (NASDAQ:XMTR) Price Target Raised to $40.00

Xometry (NASDAQ:XMTR) had its price target increased by Royal Bank of Canada from $27.00 to $40.00 in a research report report published on Friday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

XMTR has been the topic of a number of other reports. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. UBS Group raised their price objective on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wedbush reiterated an “outperform” rating and set a $48.00 price objective on shares of Xometry in a report on Friday, December 20th. The Goldman Sachs Group upped their target price on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Craig Hallum lifted their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xometry currently has an average rating of “Moderate Buy” and an average price target of $33.33.

Xometry Stock Up 3.8 %

Shares of NASDAQ:XMTR opened at $43.20 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry has a 52-week low of $11.08 and a 52-week high of $45.33. The business’s 50 day simple moving average is $33.09 and its two-hundred day simple moving average is $22.39. The firm has a market cap of $2.14 billion, a P/E ratio of -41.14 and a beta of 0.83.

Insiders Place Their Bets

In other 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 transaction of $39,518.88. Following the sale, the chief operating officer now directly owns 168,933 shares in the company, valued at $6,770,834.64. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Emily Rollins sold 3,729 shares of the 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 of the company’s stock, valued at approximately $367,356.93. The trade was a 23.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,279 shares of company stock valued at $1,162,332 in the last 90 days. 16.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Several large investors have recently modified their holdings of the stock. nVerses Capital LLC bought a new position in Xometry during the second quarter valued at $38,000. ProShare Advisors LLC purchased a new position in shares of Xometry during the 2nd quarter valued at $53,000. Point72 Asset Management L.P. bought a new position in shares of Xometry during the 2nd quarter worth $55,000. US Bancorp DE increased its holdings in 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 bought a new stake in Xometry in the 2nd quarter valued at about $129,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.