Brokerages Set Xometry, Inc. (NASDAQ:XMTR) Target Price at $24.33

Xometry, Inc. (NASDAQ:XMTR) has received an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four 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 $22.71.

XMTR has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, May 28th. The Goldman Sachs Group cut their target price on Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, March 1st. UBS Group decreased their price target on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. JMP Securities reiterated a “market outperform” rating and set a $30.00 price objective on shares of Xometry in a research note on Tuesday, April 23rd. Finally, Cantor Fitzgerald started coverage on shares of Xometry in a research report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 target price for the company.

Insider Activity

In other news, COO Peter Goguen sold 3,943 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the sale, the chief operating officer now directly owns 197,211 shares of the company’s stock, valued at $3,472,885.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Subir Dutt purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of $15.55 per share, for a total transaction of $155,500.00. Following the purchase, the insider now directly owns 46,864 shares in the company, valued at approximately $728,735.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter Goguen sold 3,943 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the sale, the chief operating officer now owns 197,211 shares in the company, valued at $3,472,885.71. The disclosure for this sale can be found here. Insiders sold 5,243 shares of company stock worth $93,002 over the last three months. 19.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xometry

Institutional investors and hedge funds have recently made changes to their positions in the business. Quest Partners LLC bought a new position in Xometry in the fourth quarter valued at $125,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Xometry during the 1st quarter valued at about $169,000. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Xometry in the 3rd quarter worth approximately $180,000. State Board of Administration of Florida Retirement System boosted its stake in Xometry by 22.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after buying an additional 2,140 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Xometry during the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Trading Down 4.5 %

Shares of Xometry stock opened at $14.22 on Tuesday. Xometry has a 1 year low of $13.43 and a 1 year high of $38.74. The company has a market capitalization of $655.83 million, a price-to-earnings ratio of -10.46 and a beta of 0.59. The business has a fifty day simple moving average of $16.49 and a two-hundred day simple moving average of $23.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.34 and a quick ratio of 4.30.

Xometry (NASDAQ:XMTR) last announced its earnings results on Thursday, May 9th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. The business had revenue of $122.69 million during the quarter, compared to the consensus estimate of $119.00 million. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. Research analysts forecast that Xometry will post -0.99 EPS for the current year.

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.