Xometry (NASDAQ:XMTR) Sees Large Volume Increase – What’s Next?

Xometry, Inc. (NASDAQ:XMTR) shares saw unusually-high trading volume on Tuesday . Approximately 1,833,035 shares were traded during trading, an increase of 177% from the previous session’s volume of 661,675 shares.The stock last traded at $35.01 and had previously closed at $36.20.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Cantor Fitzgerald lifted their price objective on shares of Xometry from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of Xometry from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, June 3rd. Royal Bank of Canada raised their target price on shares of Xometry from $32.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Citigroup reduced their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, JMP Securities reissued a “market outperform” rating and set a $42.00 price target on shares of Xometry in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and an average price target of $35.78.

Xometry Stock Performance

The stock has a market cap of $1.79 billion, a P/E ratio of -33.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The company has a fifty day moving average of $28.16 and a 200 day moving average of $31.28.

Insider Activity

In other Xometry news, Director Emily Rollins sold 2,000 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the sale, the director now owns 16,146 shares in the company, valued at approximately $333,576.36. The trade was a 11.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Miln sold 1,346 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total transaction of $33,824.98. Following the sale, the chief financial officer now directly owns 144,713 shares of the company’s stock, valued at $3,636,637.69. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,644 shares of company stock worth $666,660. 9.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Xometry by 2.2% in the first quarter. Rhumbline Advisers now owns 60,682 shares of the company’s stock valued at $1,512,000 after purchasing an additional 1,315 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 worth $11,281,000 after acquiring an additional 95,154 shares in the last quarter. Sylebra Capital LLC boosted its position in Xometry by 2.6% during 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. Petrus Trust Company LTA purchased a new position in Xometry during the 1st quarter valued at about $649,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Xometry by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock valued at $649,000 after purchasing an additional 1,877 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.