Brokerages Set Xometry, Inc. (NASDAQ:XMTR) PT at $33.33

Xometry, Inc. (NASDAQ:XMTR) has received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $33.33.

A number of research firms have recently commented on XMTR. Citigroup raised their price objective on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. JMP Securities restated a “market outperform” rating and set a $42.00 price target on shares of Xometry in a research note on Monday, December 16th. Wedbush reiterated an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. UBS Group raised their target price on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price target on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd.

Xometry Stock Performance

XMTR opened at $33.23 on Wednesday. The stock’s 50 day simple moving average is $35.30 and its 200-day simple moving average is $23.72. 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 market cap of $1.65 billion, a PE ratio of -31.65 and a beta of 0.70. Xometry has a 1 year low of $11.08 and a 1 year high of $45.33.

Insider Buying and Selling at Xometry

In other Xometry news, CFO James Miln sold 5,386 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the sale, the chief financial officer now owns 102,329 shares in the company, valued at approximately $4,331,586.57. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Peter Goguen sold 12,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $29.55, for a total transaction of $354,600.00. Following the completion of the transaction, the chief operating officer now directly owns 180,419 shares of the company’s stock, valued at approximately $5,331,381.45. This represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,605 shares of company stock worth $1,533,640. 16.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. ProShare Advisors LLC bought a new stake in shares of Xometry during the second quarter worth $53,000. Point72 Asset Management L.P. acquired a new stake in Xometry in the second quarter worth about $55,000. US Bancorp DE raised its holdings in Xometry by 57.7% during 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 last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Xometry during the 2nd quarter valued at about $129,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Xometry during the 3rd quarter worth approximately $153,000. Institutional investors and hedge funds 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.