Xometry (NASDAQ:XMTR) Price Target Raised to $33.00

Xometry (NASDAQ:XMTR) had its price target lifted by research analysts at UBS Group from $22.00 to $33.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 21.07% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Citigroup raised their price target on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Cantor Fitzgerald upped their price target on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $48.00 price target on shares of Xometry in a research note on Friday, December 20th. The Goldman Sachs Group lifted their price objective on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xometry has an average rating of “Moderate Buy” and a consensus price target of $35.44.

Xometry Price Performance

Shares of Xometry stock traded down $1.18 during trading on Wednesday, reaching $27.26. The company’s stock had a trading volume of 482,043 shares, compared to its average volume of 650,030. The stock has a market capitalization of $1.35 billion, a P/E ratio of -26.01 and a beta of 0.65. 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 50-day moving average price of $36.80 and a two-hundred day moving average price of $28.02. Xometry has a one year low of $11.08 and a one year high of $45.33.

Insider Buying and Selling

In other Xometry news, COO Peter Goguen sold 986 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $40.08, for a total value of $39,518.88. Following the transaction, the chief operating officer now owns 168,933 shares in the company, valued at approximately $6,770,834.64. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO James Miln sold 5,386 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the sale, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at $4,331,586.57. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,312 shares of company stock valued at $517,537 over the last quarter. 16.79% of the stock is owned by corporate insiders.

Institutional Trading of Xometry

Several hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new stake in Xometry during the 4th quarter worth approximately $27,000. Canada Pension Plan Investment Board acquired a new position in Xometry in the fourth quarter valued at $38,000. Comerica Bank boosted its holdings in Xometry by 195.1% in 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 during the last quarter. CoreCap Advisors LLC purchased a new stake in Xometry during the fourth quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Xometry in the fourth quarter worth about $73,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.