Xometry, Inc. (NASDAQ:XMTR) Receives $36.11 Consensus Price Target from Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $36.11.

Several equities analysts have recently commented on XMTR shares. Wedbush reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. UBS Group upped their target price on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. Citigroup reduced their price target on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, JMP Securities reissued a “market outperform” rating and set a $42.00 price target on shares of Xometry in a research report on Monday, February 10th.

Insiders Place Their Bets

In other news, 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Miln sold 25,852 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.06, for a total value of $621,999.12. Following the completion of the transaction, the chief financial officer now owns 105,238 shares of the company’s stock, valued at $2,532,026.28. The trade was a 19.72 % 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 $2,065,315 over the last three months. Insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Summit Investment Advisors Inc. lifted its stake in shares of Xometry by 8.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock valued at $190,000 after acquiring an additional 333 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Xometry in the 4th quarter valued at $27,000. State of Wyoming lifted its stake in shares of Xometry by 8.2% in the 4th quarter. State of Wyoming now owns 8,876 shares of the company’s stock valued at $379,000 after acquiring an additional 676 shares during the last quarter. Comerica Bank lifted its stake in shares of 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 last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Xometry by 7.9% in the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company’s stock valued at $520,000 after acquiring an additional 891 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

Xometry Price Performance

Xometry stock opened at $24.63 on Thursday. Xometry has a 12 month low of $11.08 and a 12 month high of $45.33. The stock’s 50 day moving average is $34.28 and its 200-day moving average is $28.39. 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 company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -23.46 and a beta of 0.69.

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.