JMP Securities reissued their market outperform rating on shares of Xometry (NASDAQ:XMTR – Free Report) in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $42.00 price objective on the stock.
A number of other analysts have also recently commented on the stock. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $12.00 price target on shares of Xometry in a research report on Wednesday, November 6th. Royal Bank of Canada upped their target price on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. UBS Group lifted their target price on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Citigroup increased their price target on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xometry currently has a consensus rating of “Hold” and a consensus price target of $27.71.
Get Our Latest Analysis on XMTR
Xometry Stock Up 5.7 %
Insider Activity
In other news, COO Peter Goguen sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $32.00, for a total value of $160,000.00. Following the transaction, the chief operating officer now owns 175,419 shares in the company, valued at $5,613,408. This trade represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Matthew Leibel sold 16,564 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total value of $498,245.12. Following the sale, the chief technology officer now owns 77,856 shares of the company’s stock, valued at $2,341,908.48. This trade represents a 17.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,233 shares of company stock worth $1,139,000 over the last three months. 16.79% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. FMR LLC grew its position in Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after purchasing an additional 1,169,778 shares in the last quarter. Sylebra Capital LLC lifted its position in shares of Xometry by 134.2% during the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after buying an additional 864,454 shares in the last quarter. Fred Alger Management LLC boosted its stake in shares of Xometry by 20.8% in the 3rd quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock worth $33,354,000 after buying an additional 312,971 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Xometry in the second quarter valued at approximately $2,013,000. Finally, Squarepoint Ops LLC increased its position in shares of Xometry by 227.7% during the second quarter. Squarepoint Ops LLC now owns 249,025 shares of the company’s stock valued at $2,879,000 after acquiring an additional 173,042 shares during the last quarter. 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.
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