Xometry (NASDAQ:XMTR) Price Target Raised to $132.00

Xometry (NASDAQ:XMTR) had its price target upped by Citigroup from $110.00 to $132.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group increased their price target on shares of Xometry from $78.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Wedbush boosted their price objective on shares of Xometry from $126.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday. Cantor Fitzgerald upped their target price on shares of Xometry from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday. BNP Paribas Exane began coverage on shares of Xometry in a report on Friday, September 18th. They issued an “outperform” rating and a $120.00 target price on the stock. Finally, Rosenblatt Securities increased their target price on shares of Xometry from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.64.

Xometry Trading Up 5.4%

Shares of NASDAQ:XMTR traded up $5.94 during midday trading on Wednesday, hitting $114.95. The company had a trading volume of 1,101,668 shares, compared to its average volume of 746,134. Xometry has a 12 month low of $35.86 and a 12 month high of $117.94. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of -338.08 and a beta of 1.33. The firm has a fifty day simple moving average of $98.21 and a 200 day simple moving average of $77.22.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%. The business had revenue of $252.44 million during the quarter, compared to the consensus estimate of $235.54 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s revenue was up 39.5% on a year-over-year basis. On average, analysts predict that Xometry will post -0.01 EPS for the current year.

Insider Buying and Selling

In other Xometry news, Director Fabio Rosati sold 8,100 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $91.45, for a total transaction of $740,745.00. Following the sale, the director directly owned 93,567 shares of the company’s stock, valued at approximately $8,556,702.15. This represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Katharine Weymouth sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $94.30, for a total transaction of $471,500.00. Following the completion of the sale, the director owned 35,345 shares of the company’s stock, valued at $3,333,033.50. This trade represents a 12.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,199 shares of company stock worth $7,126,855 over the last three months. Company insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Xometry

A number of large investors have recently added to or reduced their stakes in XMTR. Integrated Wealth Concepts LLC acquired a new stake in Xometry during the 2nd quarter valued at $36,000. IFP Advisors Inc raised its position in shares of Xometry by 687.5% in the third quarter. IFP Advisors Inc now owns 441 shares of the company’s stock valued at $45,000 after purchasing an additional 385 shares during the period. GAMMA Investing LLC lifted its stake in shares of Xometry by 36.5% during the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after buying an additional 256 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in shares of Xometry during the 2nd quarter worth about $97,000. Finally, Nykredit A S bought a new stake in shares of Xometry during the 2nd quarter worth about $103,000. Institutional investors own 97.31% of the company’s stock.

Xometry News Summary

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Several firms—including UBS, Cantor Fitzgerald, Citizens JMP, Rosenblatt, Citigroup, JPMorgan and RBC—issued favorable outlooks or raised price targets, reinforcing expectations for further share appreciation. UBS analyst outlook Cantor Fitzgerald outlook Citizens JMP outlook Rosenblatt price target Citigroup outlook JPMorgan outlook RBC price target
• Positive Sentiment: Recent Seeking Alpha commentary describes Xometry’s growth thesis as playing out and the business as powering ahead, adding to the optimistic narrative. Xometry: The Thesis Is Playing Out Xometry Powers Ahead
• Positive Sentiment: A report points to GAAP profitability, a $1 billion revenue run rate and a Siemens partnership expected to support margin gains in 2027. Separately, the latest reported quarter beat analyst expectations for EPS and revenue, with revenue up 39.5% year over year. Profitability, revenue run rate and Siemens partnership report
• Neutral Sentiment: The profitability outlook is not yet unambiguous: the supplied quarterly figures also show a negative net margin, so investors may look for sustained earnings improvement to validate the bullish case.

About Xometry

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.