Xometry, Inc. (NASDAQ:XMTR) Receives $36.11 Consensus PT from Analysts

Xometry, Inc. (NASDAQ:XMTR) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $36.11.

Several analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Wedbush restated an “outperform” rating and issued a $48.00 price target on shares of Xometry in a research note on Friday, December 20th. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and raised their price target for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. UBS Group raised their price target on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Citigroup cut their price target on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th.

Insider Transactions at Xometry

In related news, CFO James Miln sold 25,852 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the transaction, the chief financial officer now owns 105,238 shares of the company’s stock, valued at $2,532,026.28. This trade represents a 19.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the transaction, the chief executive officer now directly owns 256,570 shares in the company, valued at approximately $6,824,762. This represents a 9.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,965 shares of company stock worth $2,065,315. Corporate insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Investment Advisors Inc. grew its holdings in shares of Xometry by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock worth $190,000 after buying an additional 333 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Xometry during the fourth quarter worth about $27,000. State of Wyoming grew its holdings in shares of Xometry by 8.2% during the fourth quarter. State of Wyoming now owns 8,876 shares of the company’s stock worth $379,000 after buying an additional 676 shares during the last quarter. Comerica Bank boosted its holdings in Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after purchasing an additional 749 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Xometry by 7.9% in the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company’s stock valued at $520,000 after purchasing an additional 891 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Price Performance

Shares of XMTR stock opened at $25.64 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The firm’s 50-day moving average is $33.14 and its two-hundred day moving average is $28.49. Xometry has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a market capitalization of $1.27 billion, a PE ratio of -24.42 and a beta of 0.69.

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.