JMP Securities Boosts Xometry (NASDAQ:XMTR) Price Target to $42.00

Xometry (NASDAQ:XMTR) had its price target boosted by research analysts at JMP Securities from $34.00 to $42.00 in a report released on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price objective indicates a potential upside of 42.37% from the company’s current price.

Several other research firms have also issued reports on XMTR. Craig Hallum raised their price target on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. UBS Group raised their target price on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Citigroup increased their price objective on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price target on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.71.

Xometry Trading Down 4.7 %

Shares of XMTR stock traded down $1.45 during mid-day trading on Thursday, reaching $29.50. 227,140 shares of the stock traded hands, compared to its average volume of 602,651. The stock’s fifty day simple moving average is $20.53 and its two-hundred day simple moving average is $17.14. Xometry has a 1-year low of $11.08 and a 1-year high of $38.74. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -28.34 and a beta of 0.55. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Insider Activity at Xometry

In other news, CTO Matthew Leibel sold 16,564 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total value of $498,245.12. Following the transaction, the chief technology officer now directly owns 77,856 shares in the company, valued at $2,341,908.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CTO Matthew Leibel sold 16,564 shares of Xometry stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total transaction of $498,245.12. Following the sale, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at approximately $2,341,908.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Peter Goguen sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the sale, the chief operating officer now directly owns 175,419 shares in the company, valued at $5,613,408. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,633 shares of company stock worth $1,201,730. 16.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Xometry

Several hedge funds and other institutional investors have recently made changes to their positions in XMTR. State Board of Administration of Florida Retirement System boosted its stake in shares of Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after buying an additional 76,976 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new position in Xometry during the first quarter valued at $169,000. Clearbridge Investments LLC lifted its stake in Xometry by 20.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after acquiring an additional 217,939 shares in the last quarter. Finally, Sylebra Capital LLC grew its stake in Xometry by 1,005.3% during the 1st quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock valued at $10,882,000 after acquiring an additional 585,971 shares in the last quarter. 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.