Xometry (NASDAQ:XMTR) Stock Price Expected to Rise, UBS Group Analyst Says

Xometry (NASDAQ:XMTR) had its price objective boosted by investment analysts at UBS Group from $22.00 to $33.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 21.07% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $48.00 target price on shares of Xometry in a report on Friday, December 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup upped their target price on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.44.

Xometry Stock Performance

Shares of XMTR stock traded down $1.18 on Wednesday, reaching $27.26. The stock had a trading volume of 482,043 shares, compared to its average volume of 650,030. 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 capitalization of $1.35 billion, a price-to-earnings ratio of -26.01 and a beta of 0.65. Xometry has a 12 month low of $11.08 and a 12 month high of $45.33. The firm’s 50-day moving average is $36.80 and its two-hundred day moving average is $28.02.

Insider Activity

In related news, CFO James Miln sold 5,386 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the transaction, the chief financial officer now directly owns 102,329 shares in the company, valued at approximately $4,331,586.57. The trade was a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Peter Goguen sold 3,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $34.50, for a total value of $103,500.00. Following the transaction, the chief operating officer now owns 164,993 shares of the company’s stock, valued at approximately $5,692,258.50. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,312 shares of company stock valued at $517,537. Company insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of hedge funds have recently added to or reduced their stakes in XMTR. Global Retirement Partners LLC purchased a new position in shares of Xometry during the 4th quarter worth approximately $27,000. Canada Pension Plan Investment Board acquired a new stake in Xometry in the fourth quarter valued at approximately $38,000. Comerica Bank raised its position in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after purchasing an additional 749 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Xometry in the fourth quarter worth about $51,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Xometry during the 4th quarter valued at approximately $73,000. Institutional investors and hedge funds 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.