Xometry (NASDAQ:XMTR) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Xometry (NASDAQ:XMTR) had its price target raised by analysts at Cantor Fitzgerald from $12.00 to $20.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential downside of 28.47% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group raised their price target on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and raised their target price for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. Finally, Wedbush restated an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. 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. According to data from MarketBeat, Xometry has a consensus rating of “Moderate Buy” and an average price target of $34.22.

Xometry Stock Down 10.7 %

XMTR stock opened at $27.96 on Wednesday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry has a 12-month low of $11.08 and a 12-month high of $45.33. The company has a 50 day moving average of $36.80 and a two-hundred day moving average of $28.02. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -27.50 and a beta of 0.65.

Insider Buying and Selling at Xometry

In other news, COO Peter Goguen sold 940 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the transaction, the chief operating officer now directly owns 167,993 shares in the company, valued at approximately $7,116,183.48. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Miln sold 5,386 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the sale, the chief financial officer now owns 102,329 shares in the company, valued at $4,331,586.57. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,312 shares of company stock worth $517,537. 16.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of XMTR. Raymond James & Associates boosted its position in shares of Xometry by 0.6% during the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock worth $5,290,000 after purchasing an additional 1,586 shares in the last quarter. Palumbo Wealth Management LLC acquired a new stake in Xometry during the 3rd quarter worth $191,000. US Bancorp DE lifted its holdings in Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after acquiring an additional 2,037 shares in the last quarter. ARK Investment Management LLC grew its stake in Xometry by 7.2% in the third quarter. ARK Investment Management LLC now owns 284,134 shares of the company’s stock valued at $5,220,000 after acquiring an additional 19,197 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Xometry in the third quarter worth 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.