Brokerages Set Xometry, Inc. (NASDAQ:XMTR) Price Target at $27.71

Xometry, Inc. (NASDAQ:XMTR) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $27.71.

A number of research analysts have issued reports on the company. Cantor Fitzgerald reiterated an “underweight” rating and set a $12.00 price target on shares of Xometry in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Craig Hallum increased their target price on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JMP Securities raised their target price on shares of Xometry from $34.00 to $42.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group upped their price target on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Insiders Place Their Bets

In other news, Director Emily Rollins sold 3,729 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 12,457 shares of the company’s stock, valued at $367,356.93. This trade represents a 23.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the transaction, the chief technology officer now owns 82,918 shares in the company, valued at $1,529,837.10. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,633 shares of company stock worth $1,201,730. 16.79% of the stock is owned by corporate insiders.

Institutional Trading of Xometry

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its position in shares of Xometry by 22.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares in the last quarter. Vanguard Group Inc. raised its stake in Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after purchasing an additional 76,976 shares during the period. Bellecapital International Ltd. purchased a new stake in shares of Xometry in the second quarter valued at $6,281,000. Values First Advisors Inc. boosted its position in shares of Xometry by 19.5% in the second quarter. Values First Advisors Inc. now owns 56,872 shares of the company’s stock worth $657,000 after buying an additional 9,274 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Xometry by 21.9% during the second quarter. Bank of New York Mellon Corp now owns 140,522 shares of the company’s stock valued at $1,624,000 after buying an additional 25,247 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Performance

Shares of NASDAQ XMTR opened at $31.00 on Tuesday. Xometry has a 12-month low of $11.08 and a 12-month high of $38.74. The company has a market cap of $1.54 billion, a PE ratio of -29.52 and a beta of 0.55. The stock has a 50 day simple moving average of $22.98 and a 200-day simple moving average of $18.08. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

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.