Xometry (NASDAQ:XMTR) Price Target Raised to $21.00 at Cantor Fitzgerald

Xometry (NASDAQ:XMTR) had its price objective hoisted by Cantor Fitzgerald from $20.00 to $21.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts have also issued reports about the stock. Citigroup dropped their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on Xometry from $45.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. UBS Group raised their price target on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on Xometry from $36.00 to $32.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.33.

Xometry Stock Performance

NASDAQ:XMTR opened at $29.95 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -28.52 and a beta of 0.71. The firm’s fifty day moving average price is $24.39 and its 200 day moving average price is $29.99. Xometry has a 1-year low of $11.08 and a 1-year high of $45.33.

Insider Activity

In other news, CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the transaction, the chief executive officer now directly owns 256,570 shares of the company’s stock, valued at $6,824,762. This trade represents a 9.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Peter Goguen sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total value of $106,710.00. Following the completion of the sale, the chief operating officer now directly owns 161,993 shares in the company, valued at approximately $5,762,091.01. The trade was a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,256 shares of company stock worth $2,012,889 over the last 90 days. 16.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xometry

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Xometry by 160.1% during the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company’s stock worth $25,000 after purchasing an additional 618 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Xometry during the 4th quarter worth about $27,000. Canada Pension Plan Investment Board acquired a new stake in shares of Xometry during the 4th quarter worth about $38,000. CWM LLC raised its position in shares of Xometry by 825.6% in the first quarter. CWM LLC now owns 1,555 shares of the company’s stock valued at $39,000 after buying an additional 1,387 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after buying an additional 749 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Company Profile

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.