Analysts Set Xometry, Inc. (NASDAQ:XMTR) PT at $31.89

Shares of Xometry, Inc. (NASDAQ:XMTR) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $31.89.

Several equities research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a report on Friday. Royal Bank of Canada lifted their price target on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a report on Monday, December 16th. The Goldman Sachs Group boosted 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, Citigroup upped their price objective on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Xometry Stock Up 1.1 %

Xometry stock opened at $42.12 on Friday. Xometry has a 12 month low of $11.08 and a 12 month high of $42.22. The stock has a fifty day simple moving average of $28.45 and a two-hundred day simple moving average of $20.30. 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 firm has a market cap of $2.09 billion, a price-to-earnings ratio of -40.11 and a beta of 0.83.

Insider Buying and Selling

In other news, CTO Matthew Leibel sold 16,564 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total transaction of $498,245.12. Following the sale, the chief technology officer now directly owns 77,856 shares in the company, valued at approximately $2,341,908.48. This represents a 17.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter Goguen sold 986 shares of Xometry stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $40.08, for a total value of $39,518.88. Following the completion of the transaction, the chief operating officer now owns 168,933 shares of the company’s stock, valued at approximately $6,770,834.64. This represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,219 shares of company stock worth $1,178,519. Corporate insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

Several institutional investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in Xometry during the second quarter worth $38,000. ProShare Advisors LLC purchased a new position in shares of Xometry during the 2nd quarter worth about $53,000. Point72 Asset Management L.P. bought a new position in Xometry during the 2nd quarter valued at about $55,000. US Bancorp DE raised its position 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 purchasing an additional 2,037 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Xometry in the second quarter worth about $129,000. 97.31% of the stock is owned by institutional investors.

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.