Brokerages Set Xometry, Inc. (NASDAQ:XMTR) PT at $33.33

Shares of Xometry, Inc. (NASDAQ:XMTR) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $33.33.

A number of equities analysts have issued reports on XMTR shares. UBS Group increased their price objective on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Craig Hallum lifted their price target 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. Royal Bank of Canada upped their price objective on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. JMP Securities reiterated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a report on Monday, December 16th. Finally, The Goldman Sachs Group upped their price target on 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, CFO James Miln sold 5,386 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the sale, the chief financial officer now owns 102,329 shares of the company’s stock, valued at $4,331,586.57. This trade represents a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Peter Goguen sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $34.50, for a total transaction of $103,500.00. Following the transaction, the chief operating officer now directly owns 164,993 shares of the company’s stock, valued at $5,692,258.50. The trade was a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,605 shares of company stock valued at $1,533,640. Corporate insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

Large investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC bought a new position in shares of Xometry during the 2nd quarter valued at $53,000. Point72 Asset Management L.P. bought a new position in Xometry in the second quarter valued at about $55,000. US Bancorp DE grew its stake in shares of Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after purchasing an additional 2,037 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Xometry during the 3rd quarter valued at about $153,000. Finally, Palumbo Wealth Management LLC bought a new position in shares of Xometry in the 3rd quarter worth approximately $191,000. Institutional investors own 97.31% of the company’s stock.

Xometry Stock Up 2.5 %

Shares of NASDAQ:XMTR opened at $34.06 on Wednesday. The firm has a market capitalization of $1.69 billion, a P/E ratio of -32.44 and a beta of 0.70. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock has a 50 day moving average price of $35.42 and a 200-day moving average price of $24.36. Xometry has a 52-week low of $11.08 and a 52-week high of $45.33.

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.