Brokerages Set Xometry, Inc. (NASDAQ:XMTR) Target Price at $57.89

Xometry, Inc. (NASDAQ:XMTR) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $57.8889.

Several research firms have recently commented on XMTR. JPMorgan Chase & Co. boosted their price target on shares of Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Wedbush lifted their price objective on Xometry from $48.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Citigroup reaffirmed an “outperform” rating on shares of Xometry in a research report on Wednesday, November 5th. Citizens Jmp raised their price target on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a report on Wednesday, October 8th.

Insider Buying and Selling

In other Xometry news, CFO James Miln sold 599 shares of Xometry stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $62.11, for a total value of $37,203.89. Following the completion of the sale, the chief financial officer directly owned 141,796 shares in the company, valued at $8,806,949.56. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Subir Dutt sold 2,075 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $60.00, for a total transaction of $124,500.00. Following the transaction, the insider owned 71,348 shares in the company, valued at approximately $4,280,880. This trade represents a 2.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently bought and sold shares of XMTR. Raymond James Financial Inc. boosted its stake in shares of Xometry by 1.5% during the 1st quarter. Raymond James Financial Inc. now owns 292,327 shares of the company’s stock worth $7,285,000 after acquiring an additional 4,366 shares in the last quarter. Northern Trust Corp lifted its holdings in Xometry by 3.0% in the 1st quarter. Northern Trust Corp now owns 420,792 shares of the company’s stock worth $10,486,000 after purchasing an additional 12,373 shares during the last quarter. Corebridge Financial Inc. boosted its position in Xometry by 1.6% during the first quarter. Corebridge Financial Inc. now owns 21,481 shares of the company’s stock worth $535,000 after purchasing an additional 348 shares during the period. State of Wyoming boosted its position in Xometry by 14.8% during the first quarter. State of Wyoming now owns 10,187 shares of the company’s stock worth $254,000 after purchasing an additional 1,311 shares during the period. Finally, Royal Bank of Canada grew its holdings in Xometry by 5.0% during the first quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock valued at $1,511,000 after purchasing an additional 2,899 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

Xometry Trading Up 5.5%

NASDAQ:XMTR opened at $62.76 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.62 and a quick ratio of 3.58. Xometry has a fifty-two week low of $18.59 and a fifty-two week high of $69.26. The stock’s 50-day moving average is $59.10 and its two-hundred day moving average is $49.14. The stock has a market cap of $3.22 billion, a PE ratio of -50.21 and a beta of 0.86.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The business had revenue of $180.72 million during the quarter, compared to analyst estimates of $168.25 million. During the same period in the prior year, the firm earned $0.02 earnings per share. The firm’s revenue was up 27.5% compared to the same quarter last year. As a group, equities research analysts forecast that Xometry will post -0.66 earnings per share for the current fiscal year.

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.