Xometry, Inc. (NASDAQ:XMTR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $31.89.

XMTR has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their target price on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Citigroup increased their target price on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Cantor Fitzgerald restated an “underweight” rating and issued a $12.00 price target on shares of Xometry in a research report on Wednesday, November 6th.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XMTR. FMR LLC increased its stake in Xometry by 40.2% during the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after buying an additional 1,169,778 shares during the period. Sylebra Capital LLC boosted its holdings in Xometry by 134.2% in the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after purchasing an additional 864,454 shares during the last quarter. Fred Alger Management LLC grew its stake in Xometry by 20.8% during the 3rd quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after purchasing an additional 312,971 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Xometry during the second quarter worth approximately $2,013,000. Finally, Squarepoint Ops LLC raised its holdings in Xometry by 227.7% in the second quarter. Squarepoint Ops LLC now owns 249,025 shares of the company’s stock valued at $2,879,000 after acquiring an additional 173,042 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Price Performance

Shares of XMTR opened at $43.70 on Friday. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -41.62 and a beta of 0.83. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $44.19. The firm has a 50-day simple moving average of $29.87 and a 200-day simple moving average of $20.85. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

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.