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

Shares of Xometry, Inc. (NASDAQ:XMTR) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $36.11.

Several analysts have recently commented on the company. Wedbush restated an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a research report on Friday, December 20th. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. JMP Securities reiterated a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. Royal Bank of Canada boosted their price objective on Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Finally, Cantor Fitzgerald raised their target price on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th.

Insiders Place Their Bets

In other news, COO Peter Goguen sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $34.50, for a total transaction of $103,500.00. Following the completion of the transaction, the chief operating officer now directly owns 164,993 shares of the company’s stock, valued at $5,692,258.50. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Miln sold 5,386 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the transaction, the chief financial officer now owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,965 shares of company stock worth $2,050,643 over the last ninety days. 16.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new position in shares of Xometry during the 4th quarter worth approximately $27,000. Canada Pension Plan Investment Board acquired a new stake in shares of Xometry during the fourth quarter valued at about $38,000. Comerica Bank increased its position 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 acquiring an additional 749 shares during the period. CoreCap Advisors LLC bought a new position in Xometry during the 4th quarter worth $51,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Xometry during the fourth quarter worth about $73,000. 97.31% of the stock is currently owned by institutional investors.

Xometry Stock Performance

NASDAQ:XMTR opened at $25.89 on Monday. Xometry has a 12-month low of $11.08 and a 12-month high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $30.55 and a 200 day moving average price of $29.14. The firm has a market capitalization of $1.30 billion, a PE ratio of -24.66 and a beta of 0.69.

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.