Xometry, Inc. (NASDAQ:XMTR) Stock Has Consensus Price Target of $113.18 According to Brokerages

Shares of Xometry, Inc. (NASDAQ:XMTR) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $113.18.

XMTR has been the subject of several recent research reports. UBS Group lifted their target price on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Raymond James Financial set a $120.00 price target on shares of Xometry in a report on Tuesday, September 22nd. JPMorgan Chase & Co. began coverage on shares of Xometry in a research note on Monday, August 24th. They set an “overweight” rating and a $120.00 target price on the stock. BNP Paribas Exane started coverage on Xometry in a research report on Friday, September 18th. They set an “outperform” rating and a $120.00 target price on the stock. Finally, Cantor Fitzgerald upped their price target on Xometry from $85.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th.

Insider Buying and Selling at Xometry

In other news, Director Emily Rollins sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total transaction of $421,550.00. Following the transaction, the director owned 15,136 shares in the company, valued at $1,276,116.16. This trade represents a 24.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Vaidyanathan Raghavan sold 5,000 shares of Xometry stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $96.77, for a total transaction of $483,850.00. Following the completion of the sale, the chief technology officer owned 135,777 shares in the company, valued at approximately $13,139,140.29. This trade represents a 3.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 63,199 shares of company stock worth $6,006,535. 9.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xometry

Institutional investors and hedge funds have recently bought and sold shares of the business. Odyssean LLC acquired a new stake in shares of Xometry in the 2nd quarter worth $1,464,000. Quantinno Capital Management LP boosted its position in shares of Xometry by 759.5% during the 1st quarter. Quantinno Capital Management LP now owns 32,694 shares of the company’s stock valued at $1,335,000 after acquiring an additional 28,890 shares during the last quarter. Sylebra Capital LLC grew its holdings in shares of Xometry by 31.3% in the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after purchasing an additional 127,637 shares during the period. Polen Capital Management LLC increased its position in Xometry by 169.3% during the fourth quarter. Polen Capital Management LLC now owns 22,321 shares of the company’s stock worth $1,327,000 after purchasing an additional 14,031 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Xometry during the first quarter worth about $1,150,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Price Performance

NASDAQ:XMTR opened at $106.48 on Friday. The firm’s fifty day moving average is $93.98 and its two-hundred day moving average is $81.51. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of -177.46 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. Xometry has a one year low of $35.86 and a one year high of $112.94.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The company’s revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Research analysts expect that Xometry will post -0.01 EPS for the current year.

Xometry Company Profile

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.