Xometry (NASDAQ:XMTR) Given New $35.00 Price Target at UBS Group

Xometry (NASDAQ:XMTR) had its target price upped by UBS Group from $33.00 to $35.00 in a report published on Wednesday, MarketBeat reports. They currently have a neutral rating on the stock.

Several other research firms also recently issued reports on XMTR. Cantor Fitzgerald lifted their price objective on Xometry from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Xometry from $45.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada reduced their price objective on shares of Xometry from $36.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 29th. JMP Securities restated a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Finally, Citigroup reduced their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.89.

Xometry Stock Down 0.3 %

Shares of Xometry stock opened at $30.49 on Wednesday. Xometry has a 1-year low of $11.08 and a 1-year high of $45.33. The company has a market capitalization of $1.53 billion, a PE ratio of -29.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The business has a 50-day moving average of $24.60 and a 200-day moving average of $30.12.

Insider Buying and Selling at Xometry

In related news, Director Emily Rollins sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares in the company, valued at $333,576.36. The trade was a 11.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Peter Goguen sold 3,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $35.57, for a total value of $106,710.00. Following the completion of the sale, the chief operating officer now directly owns 161,993 shares in the company, valued at $5,762,091.01. This represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,297 shares of company stock worth $2,321,148 over the last ninety days. Company insiders own 16.79% of the company’s stock.

Institutional Trading of Xometry

Several hedge funds have recently bought and sold shares of the company. Barclays PLC grew its position in Xometry by 360.9% in the 3rd quarter. Barclays PLC now owns 68,951 shares of the company’s stock worth $1,266,000 after purchasing an additional 53,991 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Xometry by 32.9% during the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company’s stock worth $731,000 after buying an additional 9,625 shares during the period. Rhumbline Advisers grew its holdings in Xometry by 5.7% in the 4th quarter. Rhumbline Advisers now owns 59,367 shares of the company’s stock worth $2,533,000 after buying an additional 3,180 shares in the last quarter. Truist Financial Corp acquired a new stake in Xometry in the 4th quarter valued at approximately $225,000. Finally, Principal Financial Group Inc. bought a new stake in Xometry during the 4th quarter valued at $1,258,000. 97.31% of the stock is currently owned by institutional investors.

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.