Xometry (NASDAQ:XMTR) Price Target Raised to $28.00

Xometry (NASDAQ:XMTR) had its price target upped by The Goldman Sachs Group from $24.00 to $28.00 in a report issued on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other equities analysts have also commented on the company. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $12.00 price objective on shares of Xometry in a research note 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 report on Friday, October 18th. Craig Hallum lifted their price objective on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their target price on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.29.

Xometry Trading Down 0.0 %

Shares of XMTR stock opened at $30.59 on Wednesday. Xometry has a twelve month low of $11.08 and a twelve month high of $38.74. The stock’s fifty day simple moving average is $19.77 and its 200 day simple moving average is $16.84. The company has a quick ratio of 4.60, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.51 billion, a P/E ratio of -29.13 and a beta of 0.55.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.13. Xometry had a negative net margin of 9.72% and a negative return on equity of 10.16%. The business had revenue of $132.60 million for the quarter, compared to the consensus estimate of $128.65 million. During the same period last year, the company earned ($0.55) EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts predict that Xometry will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling at Xometry

In other news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction that occurred 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 directly owns 82,918 shares of the company’s stock, valued at $1,529,837.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 76,976 shares during the last quarter. Clearbridge Investments LLC increased its stake in 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 buying an additional 217,939 shares during the last quarter. ARK Investment Management LLC increased its stake in Xometry by 74.9% in the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock valued at $3,063,000 after buying an additional 113,478 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Xometry by 191.1% in 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 grew its holdings in shares of 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 acquiring an additional 864,454 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

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.