Xometry (NASDAQ:XMTR) Given Outperform Rating at Wedbush

Wedbush restated their outperform rating on shares of Xometry (NASDAQ:XMTR) in a research note published on Friday morning, Marketbeat.com reports. The firm currently has a $48.00 target price on the stock.

Several other research analysts also recently commented on the stock. Citigroup lifted their price target on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. 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 report on Wednesday, November 6th. JMP Securities restated a “market outperform” rating and set a $42.00 price target on shares of Xometry in a research report on Monday, December 16th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their target price on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.89.

Xometry Stock Performance

Shares of NASDAQ XMTR opened at $41.67 on Friday. The stock’s 50-day moving average is $28.45 and its 200 day moving average is $20.26. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -39.69 and a beta of 0.83. Xometry has a 1-year low of $11.08 and a 1-year high of $42.00. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Insider Buying and Selling at Xometry

In other news, COO Peter Goguen sold 986 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $40.08, for a total value of $39,518.88. Following the completion of the sale, the chief operating officer now directly owns 168,933 shares of the company’s stock, valued at approximately $6,770,834.64. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Matthew Leibel sold 16,564 shares of Xometry stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total transaction of $498,245.12. Following the sale, the chief technology officer now directly owns 77,856 shares in the company, valued at $2,341,908.48. The trade was a 17.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,219 shares of company stock valued at $1,178,519 in the last 90 days. Insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XMTR. nVerses Capital LLC bought a new stake in shares of Xometry during the second quarter valued at approximately $38,000. ProShare Advisors LLC bought a new stake in shares of Xometry during the 2nd quarter valued at $53,000. Point72 Asset Management L.P. purchased a new stake in shares of Xometry in the 2nd quarter worth about $55,000. US Bancorp DE grew its position in shares of Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after buying an additional 2,037 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Xometry in the 2nd quarter worth about $129,000. Institutional investors 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.