Xometry (NASDAQ:XMTR) Trading Up 6.7%

Xometry, Inc. (NASDAQ:XMTR)’s stock price traded up 6.7% on Friday . The stock traded as high as $19.22 and last traded at $19.06. 117,417 shares changed hands during trading, a decline of 81% from the average session volume of 617,911 shares. The stock had previously closed at $17.86.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target on shares of Xometry from $21.00 to $20.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Xometry presently has a consensus rating of “Hold” and a consensus price target of $23.89.

Xometry Stock Performance

The company has a current ratio of 5.27, a quick ratio of 5.25 and a debt-to-equity ratio of 0.83. The stock has a market cap of $858.70 million, a price-to-earnings ratio of -11.22 and a beta of 0.03. The firm’s 50-day moving average is $16.89 and its two-hundred day moving average is $18.45.

Insider Buying and Selling at Xometry

In other news, Director George Hornig sold 25,000 shares of Xometry stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $16.73, for a total value of $418,250.00. Following the sale, the director now directly owns 37,384 shares of the company’s stock, valued at $625,434.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Xometry news, Director George Hornig sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $16.73, for a total value of $418,250.00. Following the transaction, the director now owns 37,384 shares in the company, valued at approximately $625,434.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter Goguen sold 4,250 shares of Xometry stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $18.47, for a total transaction of $78,497.50. Following the sale, the chief operating officer now directly owns 189,113 shares in the company, valued at approximately $3,492,917.11. The disclosure for this sale can be found here. Insiders sold 30,258 shares of company stock valued at $513,271 over the last quarter. 19.23% of the stock is currently owned by insiders.

Institutional Trading of Xometry

A number of hedge funds have recently bought and sold shares of XMTR. Royal Bank of Canada increased its holdings in shares of Xometry by 71.5% in the third quarter. Royal Bank of Canada now owns 72,404 shares of the company’s stock valued at $1,230,000 after purchasing an additional 30,188 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Xometry by 18.2% during the 3rd quarter. Legal & General Group Plc now owns 36,526 shares of the company’s stock valued at $620,000 after acquiring an additional 5,629 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Xometry by 15.6% in the third quarter. Ameriprise Financial Inc. now owns 1,232,302 shares of the company’s stock valued at $20,924,000 after purchasing an additional 166,038 shares during the period. Fred Alger Management LLC increased its position in Xometry by 47.5% during the third quarter. Fred Alger Management LLC now owns 2,584,913 shares of the company’s stock worth $43,892,000 after purchasing an additional 832,005 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Xometry during the third quarter worth about $344,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source 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, and multi jet fusion; 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.