Xometry (NASDAQ:XMTR) Trading 4.3% Higher – Should You Buy?

Shares of Xometry, Inc. (NASDAQ:XMTR) traded up 4.3% during trading on Monday . The company traded as high as $34.88 and last traded at $34.63. 113,354 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 663,266 shares. The stock had previously closed at $33.21.

Wall Street Analyst Weigh In

XMTR has been the subject of several recent analyst reports. Cantor Fitzgerald restated an “underweight” rating and set a $12.00 target price on shares of Xometry in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price objective on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. UBS Group upped their target price on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. Finally, Craig Hallum increased their price objective 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Xometry has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Xometry Stock Up 5.1 %

The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The firm has a 50 day simple moving average of $36.10 and a two-hundred day simple moving average of $25.78. The stock has a market cap of $1.82 billion, a P/E ratio of -34.94 and a beta of 0.65.

Insider Activity at Xometry

In other news, CTO Matthew Leibel sold 16,564 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total value of $498,245.12. Following the sale, the chief technology officer now owns 77,856 shares of the company’s stock, valued at approximately $2,341,908.48. The trade was a 17.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Peter Goguen sold 940 shares of the firm’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 transaction, the chief operating officer now directly owns 167,993 shares of the company’s stock, valued at $7,116,183.48. This represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,605 shares of company stock worth $1,533,640 over the last ninety days. 16.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xometry

Several large investors have recently made changes to their positions in XMTR. FMR LLC raised its holdings in shares of Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after purchasing an additional 1,169,778 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Xometry during the 4th quarter valued at $30,297,000. Fred Alger Management LLC boosted its stake in shares of Xometry by 20.8% during the 3rd 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 in the last quarter. Sylebra Capital LLC grew its holdings in shares of Xometry by 19.1% in the 3rd 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. Finally, Dimensional Fund Advisors LP raised its position in shares of Xometry by 44.9% during the second quarter. Dimensional Fund Advisors LP now owns 493,847 shares of the company’s stock worth $5,712,000 after purchasing an additional 153,107 shares during the period. Institutional investors own 97.31% of the company’s stock.

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.