Xometry, Inc. (NASDAQ:XMTR) Given Consensus Rating of “Hold” by Analysts

Shares of Xometry, Inc. (NASDAQ:XMTR) have received an average rating of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $55.75.

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald upped their price objective on shares of Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Citizens Jmp set a $75.00 price target on Xometry in a research note on Wednesday, November 5th. Zacks Research lowered Xometry from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. The Goldman Sachs Group boosted their target price on Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Wedbush increased their target price on Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th.

Xometry Stock Performance

Shares of XMTR stock opened at $57.64 on Thursday. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. The company’s fifty day moving average price is $62.12 and its 200-day moving average price is $55.73. The stock has a market cap of $2.95 billion, a PE ratio of -46.11 and a beta of 0.86. Xometry has a 12 month low of $18.59 and a 12 month high of $73.87.

Insider Activity at Xometry

In other Xometry news, insider Subir Dutt sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $70.00, for a total transaction of $175,000.00. Following the completion of the sale, the insider directly owned 64,919 shares in the company, valued at approximately $4,544,330. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Sanjeev Singh Sahni sold 26,190 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $65.47, for a total transaction of $1,714,659.30. Following the completion of the transaction, the president owned 63,130 shares in the company, valued at approximately $4,133,121.10. This represents a 29.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 63,861 shares of company stock worth $4,213,697 in the last ninety days. 9.66% of the stock is currently owned by company insiders.

Institutional Trading of Xometry

A number of institutional investors and hedge funds have recently modified their holdings of XMTR. Kemnay Advisory Services Inc. bought a new position in shares of Xometry during the fourth quarter valued at $28,000. Quantbot Technologies LP purchased a new position in Xometry in the 3rd quarter worth about $30,000. Advisors Asset Management Inc. lifted its stake in Xometry by 68.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock valued at $34,000 after acquiring an additional 412 shares during the period. Westend Capital Management LLC bought a new position in Xometry during the 3rd quarter valued at about $41,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after acquiring an additional 162 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.