Xometry (NASDAQ:XMTR) Given New $42.00 Price Target at JMP Securities

Xometry (NASDAQ:XMTR) had its target price hoisted by JMP Securities from $34.00 to $42.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

XMTR has been the topic of a number of other reports. Citigroup raised their price target on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 price target on shares of Xometry in a report on Wednesday, November 6th. Royal Bank of Canada upped their price target on Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. UBS Group upped their price target on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Craig Hallum raised their price target on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.71.

Xometry Stock Down 1.2 %

XMTR stock traded down $0.36 during midday trading on Thursday, hitting $29.23. The company’s stock had a trading volume of 207,651 shares, compared to its average volume of 602,315. The company has a market cap of $1.44 billion, a PE ratio of -28.18 and a beta of 0.55. Xometry has a 12 month low of $11.08 and a 12 month high of $38.74. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The firm’s 50-day moving average is $20.75 and its 200-day moving average is $17.23.

Insider Transactions at Xometry

In other news, COO Peter Goguen sold 12,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $29.55, for a total value of $354,600.00. Following the sale, the chief operating officer now owns 180,419 shares of the company’s stock, valued at approximately $5,331,381.45. This represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Emily Rollins sold 3,729 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total transaction of $109,968.21. Following the transaction, the director now directly owns 12,457 shares of the company’s stock, valued at $367,356.93. This represents a 23.04 % decrease in their ownership of the stock. 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 quarter. Insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of XMTR. nVerses Capital LLC purchased a new stake in shares of Xometry in the 2nd quarter valued at about $38,000. ProShare Advisors LLC purchased a new position in shares of Xometry in the second quarter worth $53,000. Point72 Asset Management L.P. bought a new stake in shares of Xometry in the second quarter worth $55,000. US Bancorp DE grew its position in shares of 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 purchasing an additional 2,037 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Xometry in the 3rd quarter worth $153,000. 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.