Xometry (NASDAQ:XMTR) Price Target Raised to $21.00

Xometry (NASDAQ:XMTR) had its price objective lifted by Cantor Fitzgerald from $20.00 to $21.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an underweight rating on the stock.

Several other research firms also recently commented on XMTR. JMP Securities reiterated a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. Citigroup decreased their price target on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada dropped their price objective on Xometry from $36.00 to $32.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. decreased their target price on shares of Xometry from $45.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, 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 research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.89.

Xometry Trading Down 0.3 %

Shares of XMTR stock opened at $30.49 on Wednesday. The business has a 50-day moving average price of $24.60 and a two-hundred day moving average price of $30.12. Xometry has a 12-month low of $11.08 and a 12-month high of $45.33. 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 firm has a market cap of $1.53 billion, a P/E ratio of -29.04 and a beta of 0.71.

Insiders Place Their Bets

In related news, COO Peter Goguen sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total transaction of $106,710.00. Following the sale, the chief operating officer now owns 161,993 shares of the company’s stock, valued at $5,762,091.01. The trade was a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the transaction, the chief executive officer now directly owns 256,570 shares of the company’s stock, valued at $6,824,762. This represents a 9.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,297 shares of company stock worth $2,321,148. Company insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Xometry by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 4,413,337 shares of the company’s stock valued at $109,980,000 after purchasing an additional 120,065 shares in the last quarter. Sylebra Capital LLC increased its position in shares of Xometry by 2.1% during the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock valued at $78,270,000 after acquiring an additional 37,883 shares in the last quarter. Geode Capital Management LLC raised its holdings in Xometry by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company’s stock worth $42,861,000 after acquiring an additional 8,974 shares during the last quarter. New York State Common Retirement Fund lifted its position in Xometry by 4.4% in the 1st quarter. New York State Common Retirement Fund now owns 942,088 shares of the company’s stock valued at $23,477,000 after acquiring an additional 39,480 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Xometry by 225.7% during the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company’s stock valued at $36,381,000 after purchasing an additional 590,974 shares during the last quarter. Hedge funds and other institutional investors 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.