JMP Securities Reaffirms “Market Outperform” Rating for Xometry (NASDAQ:XMTR)

JMP Securities reissued their market outperform rating on shares of Xometry (NASDAQ:XMTR) in a research report sent to investors on Monday,Benzinga reports. JMP Securities currently has a $42.00 price objective on the stock.

A number of other equities research analysts have also recently weighed in on XMTR. Craig Hallum increased their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. Wedbush restated an “outperform” rating and set a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. The Goldman Sachs Group upped their price target on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group raised their price objective on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $36.58 on Monday. 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 business’s 50 day moving average price is $36.52 and its two-hundred day moving average price is $26.38. The company has a market cap of $1.81 billion, a PE ratio of -34.84 and a beta of 0.65. Xometry has a twelve month low of $11.08 and a twelve month high of $45.33.

Insiders Place Their Bets

In other news, COO Peter Goguen sold 3,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $34.50, for a total transaction of $103,500.00. Following the completion of the sale, the chief operating officer now directly owns 164,993 shares in the company, valued at approximately $5,692,258.50. This represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO James Miln sold 5,386 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the transaction, the chief financial officer now owns 102,329 shares in the company, valued at $4,331,586.57. The trade was a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,312 shares of company stock worth $410,827 in the last quarter. Corporate insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Several hedge funds and other institutional investors have recently made changes to their positions in XMTR. Barclays PLC increased its stake in Xometry by 360.9% in the third 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 last quarter. Weiss Asset Management LP acquired a new stake in shares of Xometry in the 3rd quarter valued at $1,586,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Xometry in the 3rd quarter valued at $355,000. Versor Investments LP acquired a new position in shares of Xometry during the 3rd quarter worth $411,000. Finally, Primecap Management Co. CA lifted its position in shares of Xometry by 1.7% during the 3rd quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after buying an additional 113,264 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.