Xometry’s (XMTR) Outperform Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Xometry (NASDAQ:XMTR) in a research report released on Friday, MarketBeat.com reports. Wedbush currently has a $48.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. UBS Group raised their price objective on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Craig Hallum increased their price objective on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup upped their price target 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. The Goldman Sachs Group lifted their price objective 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. Finally, Royal Bank of Canada upped their target price on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Xometry presently has a consensus rating of “Moderate Buy” and an average target price of $31.89.

Xometry Stock Performance

Shares of XMTR opened at $41.67 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry has a 12 month low of $11.08 and a 12 month high of $42.00. The firm has a fifty day simple moving average of $28.45 and a 200 day simple moving average of $20.22. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -39.69 and a beta of 0.83.

Insider Activity at Xometry

In other Xometry news, COO Peter Goguen sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the sale, the chief operating officer now owns 175,419 shares of the company’s stock, valued at $5,613,408. The trade was a 2.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Emily Rollins sold 3,729 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total transaction of $109,968.21. Following the transaction, the director now directly owns 12,457 shares in the company, valued at $367,356.93. This represents a 23.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,219 shares of company stock worth $1,178,519 in the last ninety days. 16.79% of the stock is owned by company insiders.

Institutional Trading of Xometry

Several large investors have recently modified their holdings of the stock. Raymond James & Associates raised its stake in Xometry by 0.6% in the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock valued at $5,290,000 after purchasing an additional 1,586 shares in the last quarter. Sei Investments Co. raised its position in shares of Xometry by 0.8% in the 2nd quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock valued at $2,474,000 after buying an additional 1,708 shares in the last quarter. US Bancorp DE raised its position 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 buying an additional 2,037 shares in the last quarter. State Street Corp lifted its holdings in shares of Xometry by 0.3% during the 3rd quarter. State Street Corp now owns 887,139 shares of the company’s stock worth $16,297,000 after acquiring an additional 3,027 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Xometry during the 2nd quarter worth approximately $38,000. 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.