James Miln Sells 5,386 Shares of Xometry, Inc. (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) CFO James Miln sold 5,386 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the transaction, the chief financial officer now owns 102,329 shares of the company’s stock, valued at $4,331,586.57. This represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Xometry Trading Down 2.8 %

Shares of NASDAQ:XMTR traded down $1.20 during trading on Monday, reaching $42.00. The stock had a trading volume of 721,689 shares, compared to its average volume of 697,996. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2.08 billion, a P/E ratio of -40.00 and a beta of 0.70. The business has a fifty day moving average price of $33.09 and a 200-day moving average price of $22.39. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on XMTR shares. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their target price on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum raised their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Citigroup boosted their price objective on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, JMP Securities restated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC purchased a new position in shares of Xometry during the 2nd quarter worth about $53,000. Point72 Asset Management L.P. acquired a new position in Xometry during the second quarter worth approximately $55,000. US Bancorp DE boosted its holdings in shares of Xometry by 57.7% in the 3rd 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 last quarter. SG Americas Securities LLC acquired a new position in shares of Xometry in the 3rd quarter valued at $153,000. Finally, Palumbo Wealth Management LLC purchased a new stake in shares of Xometry during the 3rd quarter valued at $191,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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.