Xometry, Inc. (NASDAQ:XMTR) Given Average Rating of “Moderate Buy” by Analysts

Xometry, Inc. (NASDAQ:XMTR) has been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $34.44.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada increased their price target on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. UBS Group increased their price target on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Cantor Fitzgerald raised their price objective on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 26th. JMP Securities reiterated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Finally, Citigroup decreased their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th.

Insider Buying and Selling at Xometry

In other Xometry news, CFO James Miln sold 7,235 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.61, for a total transaction of $192,523.35. Following the completion of the transaction, the chief financial officer now directly owns 131,090 shares in the company, valued at $3,488,304.90. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Randolph Altschuler sold 27,566 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares of the company’s stock, valued at $6,824,762. The trade was a 9.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,256 shares of company stock valued at $2,012,889 in the last three months. Corporate insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Institutional investors have recently modified their holdings of the business. Barclays PLC boosted 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 buying an additional 53,991 shares in the last quarter. Geode Capital Management LLC boosted its position in Xometry by 4.3% in the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock valued at $18,291,000 after buying an additional 41,341 shares in the last quarter. Franklin Resources Inc. boosted its position in Xometry by 32.9% in the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company’s stock valued at $731,000 after buying an additional 9,625 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Xometry by 67.5% during the fourth quarter. SG Americas Securities LLC now owns 13,938 shares of the company’s stock worth $595,000 after buying an additional 5,616 shares during the last quarter. Finally, Caprock Group LLC bought a new position in shares of Xometry in the 4th quarter valued at $274,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Price Performance

NASDAQ:XMTR opened at $24.86 on Friday. Xometry has a 12-month low of $11.08 and a 12-month high of $45.33. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -23.68 and a beta of 0.72. The stock’s 50 day moving average price is $25.16 and its two-hundred day moving average price is $29.47. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

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.