Xometry (NASDAQ:XMTR) Earns Outperform Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Xometry (NASDAQ:XMTR) in a report released on Friday, Marketbeat reports. Wedbush currently has a $48.00 price objective on the stock.

Several other equities analysts also recently commented on the stock. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 price objective on shares of Xometry in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Craig Hallum boosted their price objective on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group upped their target price on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their price target on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.89.

Xometry Stock Up 13.9 %

Shares of NASDAQ XMTR opened at $41.67 on Friday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -39.69 and a beta of 0.83. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry has a 12 month low of $11.08 and a 12 month high of $42.00. The stock has a 50-day moving average price of $28.45 and a two-hundred day moving average price of $20.22.

Insider Transactions at Xometry

In related news, COO Peter Goguen sold 5,000 shares of Xometry stock in a transaction on Monday, November 11th. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the transaction, the chief operating officer now owns 175,419 shares of the company’s stock, valued at $5,613,408. This trade represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Matthew Leibel sold 16,564 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total value of $498,245.12. Following the sale, the chief technology officer now owns 77,856 shares of the company’s stock, valued at approximately $2,341,908.48. The trade was a 17.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,219 shares of company stock worth $1,178,519 over the last ninety days. 16.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Xometry

Several institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of Xometry in the 2nd quarter valued at $38,000. ProShare Advisors LLC acquired a new stake in Xometry in the second quarter worth $53,000. Point72 Asset Management L.P. bought a new stake in Xometry in the second quarter valued at $55,000. US Bancorp DE raised its holdings in shares of Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after purchasing an additional 2,037 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Xometry during the 3rd quarter worth about $153,000. 97.31% of the stock is owned by institutional investors and hedge funds.

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.