Xometry, Inc. (NASDAQ:XMTR) Receives $35.78 Consensus PT from Brokerages

Xometry, Inc. (NASDAQ:XMTR) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat reports. One 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. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $35.78.

Several equities research analysts recently issued reports on the company. UBS Group increased their price objective on Xometry from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Citigroup dropped their target price on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group raised their price target on shares of Xometry from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Cantor Fitzgerald boosted their price objective on shares of Xometry from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Xometry from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, June 3rd.

Xometry Price Performance

XMTR opened at $30.69 on Friday. The firm has a market capitalization of $1.56 billion, a P/E ratio of -29.23 and a beta of 0.84. The stock has a fifty day moving average of $29.34 and a 200-day moving average of $31.30. 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.

Insider Activity at Xometry

In related news, CEO Randolph Altschuler sold 9,331 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $25.16, for a total value of $234,767.96. Following the completion of the sale, the chief executive officer now directly owns 328,934 shares in the company, valued at approximately $8,275,979.44. This represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James Miln sold 1,346 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total value of $33,824.98. Following the transaction, the chief financial officer now owns 144,713 shares in the company, valued at approximately $3,636,637.69. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,658 shares of company stock valued at $641,813. 9.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Sheets Smith Investment Management acquired a new position in Xometry during the first quarter valued at approximately $347,000. Rhumbline Advisers boosted its holdings in shares of Xometry by 2.2% during the 1st quarter. Rhumbline Advisers now owns 60,682 shares of the company’s stock worth $1,512,000 after buying an additional 1,315 shares during the period. Goldman Sachs Group Inc. grew its stake in Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock valued at $11,281,000 after buying an additional 95,154 shares during the last quarter. Sylebra Capital LLC raised its holdings in Xometry by 2.6% in the 1st quarter. Sylebra Capital LLC now owns 1,881,624 shares of the company’s stock worth $46,890,000 after acquiring an additional 46,874 shares during the period. Finally, Petrus Trust Company LTA bought a new position in Xometry in the 1st quarter worth $649,000. 97.31% of the stock is owned by institutional investors.

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.