Xometry (NASDAQ:XMTR) Price Target Raised to $70.00

Xometry (NASDAQ:XMTR) had its price objective increased by Wedbush from $48.00 to $70.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

XMTR has been the subject of several other reports. Citigroup restated an “outperform” rating on shares of Xometry in a report on Wednesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th. UBS Group raised their price objective on shares of Xometry from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $49.00 target price (up previously from $42.00) on shares of Xometry in a research note on Thursday, October 16th. Finally, Citizens Jmp increased their target price on Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $57.89.

Xometry Stock Performance

NASDAQ XMTR opened at $64.81 on Wednesday. The business has a 50 day moving average price of $51.82 and a 200 day moving average price of $40.87. The company has a market capitalization of $3.29 billion, a P/E ratio of -51.85 and a beta of 0.87. Xometry has a 1-year low of $18.59 and a 1-year high of $65.08. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.62 and a quick ratio of 3.85.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The company had revenue of $180.72 million for the quarter, compared to the consensus estimate of $168.25 million. During the same period in the previous year, the business earned $0.02 earnings per share. Xometry’s quarterly revenue was up 27.5% compared to the same quarter last year. Xometry has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Xometry will post -0.66 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Randolph Altschuler sold 9,331 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $50.31, for a total transaction of $469,442.61. Following the sale, the chief executive officer owned 310,271 shares in the company, valued at approximately $15,609,734.01. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Miln sold 598 shares of Xometry stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $50.25, for a total transaction of $30,049.50. Following the completion of the sale, the chief financial officer directly owned 144,115 shares of the company’s stock, valued at $7,241,778.75. The trade was a 0.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently added to or reduced their stakes in XMTR. GAMMA Investing LLC lifted its position in Xometry by 160.1% during the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company’s stock worth $25,000 after buying an additional 618 shares during the period. Principal Financial Group Inc. increased its stake in shares of Xometry by 242.3% during the 1st quarter. Principal Financial Group Inc. now owns 100,903 shares of the company’s stock valued at $2,515,000 after acquiring an additional 71,425 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Xometry by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 116,295 shares of the company’s stock worth $2,898,000 after acquiring an additional 6,690 shares during the period. Cerity Partners LLC lifted its holdings in shares of Xometry by 1.2% during the 1st quarter. Cerity Partners LLC now owns 135,088 shares of the company’s stock worth $3,366,000 after acquiring an additional 1,548 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Xometry by 4.4% in the first quarter. New York State Common Retirement Fund now owns 942,088 shares of the company’s stock worth $23,477,000 after acquiring an additional 39,480 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Company Profile

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.