Xometry (NASDAQ:XMTR) Price Target Raised to $27.00 at Royal Bank of Canada

Xometry (NASDAQ:XMTR) had its price objective raised by Royal Bank of Canada from $23.00 to $27.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a sector perform rating on the stock.

Several other equities analysts also recently commented on the stock. Craig Hallum upped their price objective on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. JMP Securities upped their price target on shares of Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Finally, Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 price target on shares of Xometry in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.29.

Xometry Trading Up 18.5 %

Shares of NASDAQ:XMTR opened at $30.62 on Wednesday. The stock has a market capitalization of $1.51 billion, a PE ratio of -28.09 and a beta of 0.55. The company’s 50-day moving average price is $19.14 and its two-hundred day moving average price is $16.55. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.64 and a quick ratio of 4.60. Xometry has a one year low of $11.08 and a one year high of $38.74.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. The firm had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.17 million. On average, equities analysts forecast that Xometry will post -0.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the transaction, the chief technology officer now owns 82,918 shares in the company, valued at $1,529,837.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after acquiring an additional 76,976 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Xometry by 20.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after purchasing an additional 217,939 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Xometry by 74.9% during the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock worth $3,063,000 after buying an additional 113,478 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Xometry by 191.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock worth $3,981,000 after buying an additional 142,262 shares during the last quarter. Finally, Sylebra Capital LLC boosted its stake in Xometry by 134.2% in the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after buying an additional 864,454 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

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.