Analysts Set Xometry, Inc. (NASDAQ:XMTR) PT at $22.86

Xometry, Inc. (NASDAQ:XMTR) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $26.29.

A number of research analysts have recently commented on XMTR shares. JMP Securities upped their price target on shares of Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. 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 report on Wednesday. Craig Hallum increased their price objective on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group increased their price objective on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Royal Bank of Canada increased their price objective on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday.

Insider Buying and Selling

In other news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the sale, the chief technology officer now owns 82,918 shares of the company’s stock, valued at $1,529,837.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Xometry

A number of hedge funds and other institutional investors have recently made changes to their positions in XMTR. Vanguard Group Inc. grew its stake in shares of Xometry by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,800,370 shares of the company’s stock worth $136,471,000 after purchasing an additional 26,718 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after buying an additional 2,140 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Xometry during the 1st quarter valued at approximately $169,000. Clearbridge Investments LLC lifted its position in shares of Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after buying an additional 217,939 shares in the last quarter. Finally, Sylebra Capital LLC lifted its position in shares of Xometry by 1,005.3% during the 1st quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock valued at $10,882,000 after buying an additional 585,971 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Price Performance

XMTR stock opened at $30.60 on Friday. Xometry has a 1-year low of $11.08 and a 1-year high of $38.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.60 and a current ratio of 4.59. The business has a 50 day simple moving average of $19.35 and a two-hundred day simple moving average of $16.65.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. Xometry had a negative return on equity of 10.16% and a negative net margin of 9.72%. The firm had revenue of $132.60 million during the quarter, compared to the consensus estimate of $128.65 million. During the same period in the prior year, the company earned ($0.55) EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts anticipate that Xometry will post -0.81 earnings per share for the current fiscal year.

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.