Xometry’s (XMTR) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Xometry (NASDAQ:XMTR) in a research report released on Monday,Benzinga reports. They currently have a $42.00 price target on the stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. UBS Group boosted their target price on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Craig Hallum boosted their target price on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wedbush reissued an “outperform” rating and set a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. Finally, Citigroup boosted their target price on shares of Xometry from $25.00 to $33.00 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 given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Xometry Stock Up 0.9 %

NASDAQ XMTR opened at $35.34 on Monday. 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 company has a fifty day moving average of $36.64 and a two-hundred day moving average of $26.58. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -33.66 and a beta of 0.65. Xometry has a 52 week low of $11.08 and a 52 week high of $45.33.

Insider Activity at Xometry

In other Xometry news, COO Peter Goguen sold 940 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.36, for a total value of $39,818.40. Following the completion of the transaction, the chief operating officer now directly owns 167,993 shares in the company, valued at approximately $7,116,183.48. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James Miln sold 5,386 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,312 shares of company stock worth $517,537 over the last three months. 16.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Xometry

A number of large investors have recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its holdings in Xometry by 1.7% in the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock worth $127,088,000 after purchasing an additional 113,264 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Xometry by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company’s stock worth $183,151,000 after acquiring an additional 86,997 shares during the last quarter. FMR LLC grew its stake in shares of Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after acquiring an additional 1,169,778 shares during the last quarter. Fred Alger Management LLC grew its stake in shares of Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock worth $33,354,000 after acquiring an additional 312,971 shares during the last quarter. Finally, Sylebra Capital LLC grew its stake in shares of Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after acquiring an additional 288,151 shares during the last quarter. 97.31% of the stock is currently owned by 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.