Xometry, Inc. (NASDAQ:XMTR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTR) have received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.11.

Several analysts have issued reports on the stock. Citigroup cut their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Cantor Fitzgerald raised their price target on Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research note on Monday, February 10th. UBS Group increased their price objective on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada lifted their target price on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd.

Xometry Trading Down 7.8 %

Shares of XMTR opened at $19.98 on Monday. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -19.03 and a beta of 0.69. The firm has a 50 day moving average price of $29.56 and a 200-day moving average price of $29.16. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Insider Activity at Xometry

In other Xometry news, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $26.60, for a total transaction of $733,255.60. Following the sale, the chief executive officer now directly owns 256,570 shares of the company’s stock, valued at approximately $6,824,762. The trade was a 9.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James Miln sold 7,235 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $26.61, for a total value of $192,523.35. Following the completion of the transaction, the chief financial officer now directly owns 131,090 shares of the company’s stock, valued at $3,488,304.90. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,256 shares of company stock worth $2,075,069 over the last quarter. Corporate insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Xometry in the 3rd quarter worth about $355,000. Intech Investment Management LLC bought a new position in shares of Xometry during the third quarter valued at approximately $205,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Xometry by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock valued at $6,519,000 after purchasing an additional 16,396 shares during the last quarter. FMR LLC boosted its position in shares of Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after purchasing an additional 1,169,778 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Xometry in the 3rd quarter worth approximately $383,000. Hedge funds and other 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.