Xometry (NASDAQ:XMTR) Stock Price Up 6.7%

Xometry, Inc. (NASDAQ:XMTR)’s stock price traded up 6.7% on Friday . The company traded as high as $19.22 and last traded at $19.06. 117,417 shares changed hands during trading, a decline of 81% from the average session volume of 617,911 shares. The stock had previously closed at $17.86.

Analyst Ratings Changes

Separately, Royal Bank of Canada lowered their price objective on shares of Xometry from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.89.

Xometry Price Performance

The company has a current ratio of 5.27, a quick ratio of 5.25 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $16.89 and a two-hundred day simple moving average of $18.45. The company has a market cap of $858.70 million, a PE ratio of -11.22 and a beta of 0.03.

Insider Activity at Xometry

In other Xometry news, COO Peter Goguen sold 4,250 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $18.47, for a total value of $78,497.50. Following the completion of the transaction, the chief operating officer now owns 189,113 shares in the company, valued at $3,492,917.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Peter Goguen sold 4,250 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $18.47, for a total transaction of $78,497.50. Following the transaction, the chief operating officer now directly owns 189,113 shares of the company’s stock, valued at approximately $3,492,917.11. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George Hornig sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $16.73, for a total transaction of $418,250.00. Following the completion of the sale, the director now owns 37,384 shares of the company’s stock, valued at approximately $625,434.32. The disclosure for this sale can be found here. Insiders have sold a total of 30,258 shares of company stock worth $513,271 over the last three months. 19.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Xometry

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in Xometry during the first quarter worth $33,000. State of Wyoming raised its stake in shares of Xometry by 82.8% during the 4th quarter. State of Wyoming now owns 1,159 shares of the company’s stock worth $37,000 after buying an additional 525 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of Xometry in the 1st quarter worth about $61,000. US Bancorp DE grew its stake in Xometry by 72.8% in the 2nd quarter. US Bancorp DE now owns 3,113 shares of the company’s stock valued at $66,000 after acquiring an additional 1,311 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in Xometry by 209.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock valued at $70,000 after acquiring an additional 1,296 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source 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, and multi jet fusion; 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.