Xometry’s (XMTR) “Market Outperform” Rating Reaffirmed at JMP Securities

Xometry (NASDAQ:XMTR)‘s stock had its “market outperform” rating restated by stock analysts at JMP Securities in a report issued on Monday,Benzinga reports. They presently have a $42.00 price target on the stock. JMP Securities’ target price would suggest a potential upside of 15.99% from the company’s current price.

XMTR has been the topic of a number of other reports. Citigroup boosted their target price on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. Cantor Fitzgerald reissued an “underweight” rating and set a $12.00 price objective on shares of Xometry in a research note on Wednesday, November 6th. Craig Hallum boosted their price target on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price objective on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One 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 stock. Based on data from MarketBeat, Xometry currently has an average rating of “Moderate Buy” and an average price target of $33.33.

Xometry Stock Performance

Shares of Xometry stock traded up $0.54 during trading on Monday, reaching $36.21. The company’s stock had a trading volume of 35,345 shares, compared to its average volume of 648,770. The company has a 50-day moving average price of $36.41 and a two-hundred day moving average price of $26.23. Xometry has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The firm has a market cap of $1.79 billion, a PE ratio of -34.38 and a beta of 0.65. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Insider Activity

In other news, COO Peter Goguen sold 940 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.36, for a total value of $39,818.40. Following the completion of the transaction, the chief operating officer now owns 167,993 shares of the company’s stock, valued at approximately $7,116,183.48. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Matthew Leibel sold 16,564 shares of the company’s 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 completion of the sale, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at $2,341,908.48. The trade was a 17.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,876 shares of company stock worth $909,072 over the last ninety days. Corporate insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new position in shares of Xometry in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new position in Xometry in the 4th quarter worth about $73,000. US Bancorp DE increased its position in Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after purchasing an additional 2,037 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Xometry during the 3rd quarter worth about $153,000. Finally, Palumbo Wealth Management LLC acquired a new stake in shares of Xometry during the 3rd quarter valued at about $191,000. 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.