Xometry, Inc. (NASDAQ:XMTR) Director Sells $41,320.00 in Stock

Xometry, Inc. (NASDAQ:XMTR) Director Emily Rollins sold 2,000 shares of the business’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the transaction, the director now owns 16,146 shares of the company’s stock, valued at $333,576.36. This trade represents a 11.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Xometry Stock Performance

NASDAQ:XMTR opened at $19.34 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The firm has a market cap of $972.82 million, a PE ratio of -18.42 and a beta of 0.72. The business has a 50 day moving average price of $28.71 and a 200-day moving average price of $29.25.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on XMTR shares. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. UBS Group increased their target price on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Citigroup dropped their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Cantor Fitzgerald increased their price objective on Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada boosted their target price on Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. One 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $36.11.

Institutional Investors Weigh In On Xometry

Several institutional investors have recently added to or reduced their stakes in XMTR. Summit Investment Advisors Inc. raised its stake in shares of Xometry by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock valued at $190,000 after acquiring an additional 333 shares during the last quarter. Global Retirement Partners LLC bought a new position in Xometry during the 4th quarter valued at approximately $27,000. State of Wyoming lifted its holdings in Xometry by 8.2% in the 4th quarter. State of Wyoming now owns 8,876 shares of the company’s stock worth $379,000 after buying an additional 676 shares during the period. Comerica Bank grew 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 worth $48,000 after buying an additional 749 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Xometry by 7.9% during the fourth quarter. Arizona State Retirement System now owns 12,180 shares of the company’s stock valued at $520,000 after buying an additional 891 shares during the period. 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.