Xometry (NASDAQ:XMTR) Trading Up 6.7% – What’s Next?

Xometry, Inc. (NASDAQ:XMTR) shot up 6.7% on Monday . The stock traded as high as $37.20 and last traded at $37.10. 208,182 shares changed hands during trading, a decline of 65% from the average session volume of 590,854 shares. The stock had previously closed at $34.76.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a report on Monday. Citigroup raised their price objective on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their target price on Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. UBS Group upped their target price on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $45.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.88.

Xometry Trading Up 1.3 %

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 company has a market capitalization of $1.84 billion, a P/E ratio of -35.45 and a beta of 0.83. The company’s fifty day simple moving average is $27.20 and its 200-day simple moving average is $19.80.

Insider Transactions at Xometry

In other Xometry news, COO Peter Goguen sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00. Following the sale, the chief operating officer now owns 175,419 shares of the company’s stock, valued at approximately $5,613,408. This trade represents a 2.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Emily Rollins sold 3,729 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total value of $109,968.21. Following the completion of the transaction, the director now directly owns 12,457 shares of the company’s stock, valued at approximately $367,356.93. The trade was a 23.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,233 shares of company stock valued at $1,139,000. Company insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its holdings in Xometry by 0.6% in the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock worth $5,290,000 after purchasing an additional 1,586 shares in the last quarter. Sei Investments Co. raised its stake in shares of Xometry by 0.8% during the 2nd quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock worth $2,474,000 after acquiring an additional 1,708 shares in the last quarter. US Bancorp DE lifted its position in Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after acquiring an additional 2,037 shares during the last quarter. State Street Corp lifted its position in Xometry by 0.3% during the third quarter. State Street Corp now owns 887,139 shares of the company’s stock valued at $16,297,000 after acquiring an additional 3,027 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Xometry in the second quarter valued at approximately $38,000. 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.