Xometry (NASDAQ:XMTR) Price Target Raised to $28.00 at The Goldman Sachs Group

Xometry (NASDAQ:XMTR) had its price target boosted by The Goldman Sachs Group from $24.00 to $28.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

XMTR has been the subject of several other reports. Royal Bank of Canada increased their price objective on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday. Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 target price on shares of Xometry in a research report on Wednesday. Craig Hallum boosted their price target on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, JMP Securities increased their price objective on shares of Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Xometry has an average rating of “Hold” and an average target price of $26.29.

Xometry Stock Down 0.0 %

Shares of NASDAQ XMTR opened at $30.59 on Wednesday. Xometry has a 52-week low of $11.08 and a 52-week high of $38.74. The company has a quick ratio of 4.60, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The company’s 50-day simple moving average is $19.77 and its 200-day simple moving average is $16.84. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -29.13 and a beta of 0.55.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.13. The company had revenue of $132.60 million during the quarter, compared to analyst estimates of $128.65 million. Xometry had a negative return on equity of 10.16% and a negative net margin of 9.72%. Xometry’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.55) EPS. Equities analysts predict that Xometry will post -0.81 EPS for the current fiscal year.

Insider Activity at Xometry

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the transaction, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.79% of the stock is currently owned by insiders.

Institutional Trading of Xometry

Hedge funds and other institutional investors have recently made changes to their positions in the company. Primecap Management Co. CA lifted its holdings in Xometry by 1.7% in the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after acquiring an additional 113,264 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Xometry in the 3rd quarter valued at $205,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Xometry during the 3rd quarter worth $355,000. GSA Capital Partners LLP acquired a new stake in shares of Xometry during the 3rd quarter worth about $1,069,000. Finally, Versor Investments LP purchased a new stake in Xometry in the 3rd quarter valued at about $411,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.