JMP Securities Increases Xometry (NASDAQ:XMTR) Price Target to $42.00

Xometry (NASDAQ:XMTR) had its price objective lifted by JMP Securities from $34.00 to $42.00 in a research report report published on Thursday,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Several other research firms have also recently weighed in on XMTR. Royal Bank of Canada raised their price objective on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 price target on shares of Xometry in a report on Wednesday, November 6th. UBS Group upped their price target on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their target price on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Citigroup increased their target price on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.71.

Xometry Trading Down 1.7 %

Shares of Xometry stock opened at $29.09 on Thursday. The stock has a market capitalization of $1.43 billion, a P/E ratio of -27.70 and a beta of 0.55. 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 company has a 50-day simple moving average of $20.98 and a 200 day simple moving average of $17.30. Xometry has a 12-month low of $11.08 and a 12-month high of $38.74.

Insider Activity

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the 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 sale, the chief technology officer now directly owns 82,918 shares in the company, valued at $1,529,837.10. This represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Peter Goguen sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $29.55, for a total transaction of $354,600.00. Following the completion of the sale, the chief operating officer now owns 180,419 shares in the company, valued at approximately $5,331,381.45. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,633 shares of company stock valued at $1,201,730 over the last ninety days. 16.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Xometry

A number of hedge funds have recently made changes to their positions in the stock. Primecap Management Co. CA raised its holdings in Xometry by 1.7% in the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after buying an additional 113,264 shares during the last quarter. FMR LLC raised its holdings in Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after buying an additional 1,169,778 shares during the last quarter. Vanguard Group Inc. raised its holdings in Xometry by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after buying an additional 76,976 shares during the last quarter. Fred Alger Management LLC raised its holdings in Xometry by 20.8% in the 3rd quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after buying an additional 312,971 shares during the last quarter. Finally, 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 valued at $33,008,000 after buying an additional 288,151 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.