Xometry (NASDAQ:XMTR) Price Target Raised to $33.00

Xometry (NASDAQ:XMTR) had its target price boosted by Citigroup from $25.00 to $33.00 in a research note issued to investors on Wednesday, Benzinga reports. Citigroup currently has a buy rating on the stock.

XMTR has been the subject of a number of other reports. Royal Bank of Canada raised their price target on Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday. The Goldman Sachs Group increased their price target on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday. JMP Securities upped their price target on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $12.00 price target on shares of Xometry in a report on Wednesday. Finally, Craig Hallum upped 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.29.

Xometry Stock Performance

Shares of NASDAQ XMTR opened at $30.62 on Wednesday. The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89. Xometry has a 52-week low of $11.08 and a 52-week high of $38.74. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -28.09 and a beta of 0.55. The stock’s fifty day simple moving average is $19.14 and its 200 day simple moving average is $16.55.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.09. The firm had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.17 million. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. As a group, sell-side analysts forecast that Xometry will post -0.81 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the transaction, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at approximately $1,529,837.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XMTR. Primecap Management Co. CA raised its stake in shares of Xometry by 1.4% during the 2nd quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock worth $78,666,000 after purchasing an additional 93,350 shares in the last quarter. Vanguard Group Inc. raised its stake in Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after buying an additional 76,976 shares during the period. Sylebra Capital LLC lifted its position in shares of Xometry by 134.2% in the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after buying an additional 864,454 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Xometry by 20.7% during 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 during the period. Finally, Bellecapital International Ltd. acquired a new position in shares of Xometry during the 2nd quarter worth approximately $6,281,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.