Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Rating of “Moderate Buy” from Analysts

Xometry, Inc. (NASDAQ:XMTR) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. One equities 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 twelve-month target price among analysts that have issued a report on the stock in the last year is $36.11.

XMTR has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and set a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. UBS Group lifted their price objective on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. The Goldman Sachs Group boosted their target price on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald raised their price target on Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, February 26th. Finally, Citigroup cut their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 27th.

Xometry Stock Performance

Shares of XMTR opened at $25.80 on Thursday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a 50-day simple moving average of $35.07 and a 200-day simple moving average of $28.31. The company has a market capitalization of $1.28 billion, a PE ratio of -24.57 and a beta of 0.65.

Insider Buying and Selling

In other Xometry news, COO Peter Goguen sold 940 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.36, for a total value of $39,818.40. Following the completion of the transaction, the chief operating officer now directly owns 167,993 shares in the company, valued at approximately $7,116,183.48. The trade was a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Randolph Altschuler sold 27,566 shares of the stock in a transaction on 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. In the last quarter, insiders sold 73,965 shares of company stock worth $2,065,315. 16.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently added to or reduced their stakes in the business. Sylebra Capital LLC grew its holdings in Xometry by 2.1% in the 4th quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock valued at $78,270,000 after buying an additional 37,883 shares during the period. 49 Wealth Management LLC acquired a new stake in shares of Xometry in the fourth quarter worth approximately $319,000. State of Wyoming grew its holdings in Xometry by 8.2% in the fourth quarter. State of Wyoming now owns 8,876 shares of the company’s stock valued at $379,000 after purchasing an additional 676 shares during the period. Polar Capital Holdings Plc acquired a new position in Xometry during the fourth quarter worth approximately $14,070,000. Finally, ProShare Advisors LLC acquired a new position in Xometry during the fourth quarter worth approximately $511,000. 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.