Xometry, Inc. (NASDAQ:XMTR) Receives $31.89 Consensus Price Target from Analysts

Xometry, Inc. (NASDAQ:XMTR) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $31.89.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. Craig Hallum increased their price objective on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup increased their price target on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a report on Monday, December 16th. Finally, Royal Bank of Canada lifted their target price 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.

Xometry Price Performance

Xometry stock opened at $42.12 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -40.11 and a beta of 0.83. The firm has a 50-day moving average of $28.45 and a two-hundred day moving average of $20.30. Xometry has a 1 year low of $11.08 and a 1 year high of $42.22.

Insider Activity

In related news, COO Peter Goguen sold 5,000 shares of Xometry stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the transaction, the chief operating officer now directly owns 175,419 shares in the company, valued at approximately $5,613,408. This trade represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Emily Rollins sold 3,729 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total value of $109,968.21. Following the completion of the sale, the director now owns 12,457 shares in the company, valued at approximately $367,356.93. This represents a 23.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,219 shares of company stock valued at $1,178,519 in the last quarter. 16.79% of the stock is currently owned by company insiders.

Institutional Trading of Xometry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XMTR. Franklin Resources Inc. raised its position in shares of Xometry by 32.9% in the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company’s stock worth $731,000 after acquiring an additional 9,625 shares during the period. Barclays PLC grew its position in shares of Xometry by 360.9% during the 3rd quarter. Barclays PLC now owns 68,951 shares of the company’s stock valued at $1,266,000 after acquiring an additional 53,991 shares during the period. Geode Capital Management LLC increased its stake in shares of Xometry by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock valued at $18,291,000 after purchasing an additional 41,341 shares in the last quarter. Sylebra Capital LLC raised its holdings in Xometry by 19.1% in the 3rd quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after purchasing an additional 288,151 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in Xometry in the third quarter valued at approximately $1,586,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.