Xometry (NASDAQ:XMTR) Stock Price Down 4.6% – What’s Next?

Xometry, Inc. (NASDAQ:XMTR)’s share price was down 4.6% on Tuesday . The company traded as low as $33.98 and last traded at $33.90. Approximately 133,344 shares were traded during trading, a decline of 80% from the average daily volume of 670,156 shares. The stock had previously closed at $35.54.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wedbush reissued an “outperform” rating and issued a $48.00 price target on shares of Xometry in a report on Friday, December 20th. Cantor Fitzgerald reissued an “underweight” rating and set a $12.00 price target on shares of Xometry in a research note on Wednesday, November 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a research note on Monday, December 16th. Citigroup lifted their target price 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, The Goldman Sachs Group upped their price target on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.33.

Xometry Stock Performance

The business has a fifty day simple moving average of $36.03 and a two-hundred day simple moving average of $25.63. The company has a market cap of $1.73 billion, a PE ratio of -33.02 and a beta of 0.65. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

Insider Buying and Selling at Xometry

In other news, COO Peter Goguen sold 940 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.36, for a total value of $39,818.40. Following the completion of the sale, the chief operating officer now owns 167,993 shares of the company’s stock, valued at $7,116,183.48. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emily Rollins sold 3,729 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total value of $109,968.21. Following the transaction, the director now owns 12,457 shares in the company, valued at approximately $367,356.93. This trade represents a 23.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,605 shares of company stock worth $1,533,640 over the last quarter. Insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in Xometry during the 4th quarter valued at about $27,000. Truist Financial Corp purchased a new stake in Xometry in the fourth quarter valued at approximately $225,000. AlphaCentric Advisors LLC purchased a new stake in Xometry in the fourth quarter valued at approximately $533,000. Principal Financial Group Inc. acquired a new position in Xometry in the 4th quarter worth approximately $1,258,000. Finally, Baillie Gifford & Co. acquired a new stake in Xometry during the 4th quarter valued at approximately $30,297,000. 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.