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

Xometry, Inc. (NASDAQ:XMTR) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $27.71.

A number of research analysts have commented on XMTR shares. Cantor Fitzgerald restated an “underweight” rating and issued a $12.00 target price on shares of Xometry in a research note on Wednesday, November 6th. Craig Hallum upped their target price on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group raised their target price on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price target on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Finally, JMP Securities lifted their price target on Xometry from $34.00 to $42.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th.

Insider Transactions at Xometry

In other news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. This trade represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Peter Goguen sold 12,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $29.55, for a total transaction of $354,600.00. Following the sale, the chief operating officer now directly owns 180,419 shares in the company, valued at approximately $5,331,381.45. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,633 shares of company stock valued at $1,201,730 in the last three months. 16.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XMTR. nVerses Capital LLC bought a new stake in Xometry during the 2nd quarter worth about $38,000. ProShare Advisors LLC acquired a new stake in shares of Xometry during the second quarter worth $53,000. Point72 Asset Management L.P. bought a new stake in Xometry in the second quarter valued at about $55,000. US Bancorp DE boosted its holdings in Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after buying an additional 2,037 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Xometry in the 2nd quarter valued at about $129,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Up 1.3 %

Shares of XMTR opened at $31.44 on Tuesday. The company has a 50-day moving average of $23.46 and a two-hundred day moving average of $18.30. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry has a one year low of $11.08 and a one year high of $38.74.

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.