Xometry, Inc. (NASDAQ:XMTR) Stock Has Average Price Target of $113.18 According to Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTR) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $113.18.

Several equities research analysts have issued reports on XMTR shares. Wedbush began coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target for the company. BNP Paribas Exane initiated coverage on shares of Xometry in a report on Friday, September 18th. They issued an “outperform” rating and a $120.00 price objective on the stock. Rosenblatt Securities upped their price objective on shares of Xometry from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Raymond James Financial set a $120.00 price objective on shares of Xometry in a research report on Tuesday, September 22nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th.

Insider Activity

In other Xometry news, Director Randolph Altschuler sold 5,721 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $103.32, for a total value of $591,093.72. Following the sale, the director owned 423,029 shares of the company’s stock, valued at approximately $43,707,356.28. This trade represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Katharine Weymouth sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $95.23, for a total value of $476,150.00. Following the completion of the sale, the director directly owned 35,345 shares in the company, valued at $3,365,904.35. This trade represents a 12.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 64,699 shares of company stock worth $6,169,735. Insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Abel Hall LLC grew its position in shares of Xometry by 5.2% in the 3rd quarter. Abel Hall LLC now owns 2,246 shares of the company’s stock valued at $231,000 after buying an additional 111 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Xometry by 36.5% during the third quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after acquiring an additional 256 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Xometry by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock worth $194,000 after acquiring an additional 290 shares during the last quarter. Corient Private Wealth LP raised its position in shares of Xometry by 1.6% during the second quarter. Corient Private Wealth LP now owns 23,196 shares of the company’s stock worth $2,239,000 after acquiring an additional 360 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Xometry during the second quarter worth about $36,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Performance

Shares of XMTR opened at $95.49 on Tuesday. The firm has a 50-day moving average of $96.37 and a 200-day moving average of $76.22. Xometry has a one year low of $35.86 and a one year high of $112.94. The company has a market cap of $4.95 billion, a PE ratio of -159.15 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

Xometry (NASDAQ:XMTR) last released 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. The company had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. Xometry’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. As a group, equities analysts forecast that Xometry will post -0.01 earnings per share for the current year.

About Xometry

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.