Xometry, Inc. (NASDAQ:XMTR) Receives $108.33 Consensus Price Target from Brokerages

Xometry, Inc. (NASDAQ:XMTR) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $108.3333.

XMTR has been the subject of several research reports. UBS Group increased their price target on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of Xometry in a research report on Monday, August 24th. They issued an “overweight” rating and a $120.00 price objective on the stock. Royal Bank Of Canada boosted their target price on shares of Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Citigroup increased their target price on shares of Xometry from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald raised their price target on shares of Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th.

Insiders Place Their Bets

In other Xometry news, Director Emily Rollins sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total value of $421,550.00. Following the sale, the director directly owned 15,136 shares in the company, valued at $1,276,116.16. The trade was a 24.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Randolph Altschuler sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $90.82, for a total value of $908,200.00. Following the transaction, the director directly owned 551,270 shares in the company, valued at $50,066,341.40. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,553 shares of company stock valued at $5,116,368 in the last quarter. 9.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Xometry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in Xometry by 9,368.5% during the second quarter. California State Teachers Retirement System now owns 4,901,865 shares of the company’s stock worth $473,128,000 after purchasing an additional 4,850,095 shares during the period. Ameriprise Financial Inc. raised its position in shares of Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after purchasing an additional 690,558 shares during the period. First Trust Advisors LP lifted its stake in shares of Xometry by 9.2% during the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after buying an additional 132,792 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Xometry by 26.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after buying an additional 280,491 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Xometry in the 4th quarter worth approximately $76,393,000. 97.31% of the stock is currently owned by institutional investors.

Xometry Stock Performance

Shares of Xometry stock opened at $86.11 on Monday. The business’s fifty day simple moving average is $90.98 and its 200 day simple moving average is $73.54. The firm has a market capitalization of $4.46 billion, a P/E ratio of -143.51 and a beta of 1.32. Xometry has a 12 month low of $35.86 and a 12 month high of $106.08. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The business had revenue of $229.28 million for the quarter, compared to analysts’ expectations of $215.22 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was up 41.1% on a year-over-year basis. As a group, analysts anticipate that Xometry will post -0.01 EPS for the current year.

About Xometry

Xometry, Inc operates a digital marketplace that connects businesses with manufacturing suppliers. Its platform uses software and data-driven tools to help customers obtain quotes, place orders and manage production for custom parts and products.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet-metal fabrication, injection molding and urethane casting. Its services are used for prototyping and production across industries such as aerospace, automotive, industrial equipment, consumer products and healthcare.

Founded in 2013, Xometry has expanded its marketplace and related technology offerings through organic development and acquisitions, including the 2021 acquisition of Thomas, a digital industrial sourcing and marketing business.