Analysts Set Xometry, Inc. (NASDAQ:XMTR) PT at $57.89

Shares of Xometry, Inc. (NASDAQ:XMTR) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, MarketBeat.com reports. One equities research 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 brokers that have issued ratings on the stock in the last year is $57.8889.

XMTR has been the topic of a number of research analyst reports. Wedbush upped their price target on shares of Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Xometry from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. JMP Securities set a $75.00 price target on Xometry in a report on Wednesday, November 5th. Citizens Jmp raised their price objective on Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group upped their target price on Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th.

Xometry Stock Performance

Xometry stock opened at $58.23 on Friday. Xometry has a 1-year low of $18.59 and a 1-year high of $69.26. The company’s 50-day moving average is $54.76 and its 200 day moving average is $45.38. The firm has a market capitalization of $2.98 billion, a P/E ratio of -46.58 and a beta of 0.86. 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 (NASDAQ:XMTR) last released its earnings results on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The firm had revenue of $180.72 million for the quarter, compared to analysts’ expectations of $168.25 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 27.5% on a year-over-year basis. Research analysts forecast that Xometry will post -0.66 EPS for the current year.

Insider Buying and Selling at Xometry

In other news, insider Subir Dutt sold 2,075 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $60.00, for a total value of $124,500.00. Following the completion of the sale, the insider owned 71,348 shares of the company’s stock, valued at approximately $4,280,880. This represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $37,203.89. Following the transaction, the chief financial officer directly owned 141,796 shares in the company, valued at approximately $8,806,949.56. The trade was a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,005 shares of company stock valued at $631,147. Company insiders own 9.66% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Xometry by 18.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,777 shares of the company’s stock worth $219,000 after purchasing an additional 1,376 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Xometry by 264.2% in the 1st quarter. Federated Hermes Inc. now owns 37,271 shares of the company’s stock worth $929,000 after buying an additional 27,036 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Xometry by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 4,413,337 shares of the company’s stock worth $109,980,000 after acquiring an additional 120,065 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Xometry by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 367,934 shares of the company’s stock worth $9,169,000 after acquiring an additional 1,778 shares in the last quarter. Finally, Swiss National Bank lifted its position in Xometry by 1.6% during the first quarter. Swiss National Bank now owns 83,900 shares of the company’s stock valued at $2,091,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

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.