Xometry, Inc. (NASDAQ:XMTR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTR) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $55.75.

A number of analysts recently commented on the company. Wedbush upped their price objective on Xometry from $48.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Zacks Research lowered shares of Xometry from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Citigroup reiterated an “outperform” rating on shares of Xometry in a research note on Wednesday, November 5th. Citizens Jmp set a $75.00 target price on shares of Xometry in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group upped their target price on shares of Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th.

Insider Transactions at Xometry

In other Xometry news, insider Subir Dutt sold 2,500 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $70.00, for a total value of $175,000.00. Following the completion of the sale, the insider owned 64,919 shares in the company, valued at $4,544,330. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO James Miln sold 599 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $58.98, for a total value of $35,329.02. Following the completion of the transaction, the chief financial officer directly owned 133,798 shares in the company, valued at $7,891,406.04. This trade represents a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 63,861 shares of company stock worth $4,213,697 over the last three months. 9.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XMTR. Fuller & Thaler Asset Management Inc. purchased a new position in Xometry during the fourth quarter valued at approximately $76,393,000. Ameriprise Financial Inc. raised its position in shares of Xometry by 54.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares during the period. Durable Capital Partners LP purchased a new position in shares of Xometry during the 3rd quarter valued at $36,455,000. Gilder Gagnon Howe & Co. LLC boosted its holdings in Xometry by 248.8% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock worth $29,053,000 after buying an additional 613,282 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after buying an additional 451,259 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 $57.64 on Thursday. The firm has a fifty day simple moving average of $62.12 and a two-hundred day simple moving average of $55.73. The firm has a market cap of $2.95 billion, a PE ratio of -46.11 and a beta of 0.86. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. Xometry has a 1-year low of $18.59 and a 1-year high of $73.87.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.