Citizens Jmp Issues Positive Forecast for Xometry (NASDAQ:XMTR) Stock Price

Xometry (NASDAQ:XMTRFree Report) had its price target increased by Citizens Jmp from $75.00 to $100.00 in a report released on Friday,Benzinga reports. They currently have a market outperform rating on the stock.

XMTR has been the topic of several other reports. Citigroup reaffirmed an “outperform” rating on shares of Xometry in a research note on Friday. Zacks Research raised shares of Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Royal Bank Of Canada decreased their price target on shares of Xometry from $64.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Finally, Wedbush decreased their price target on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Xometry currently has a consensus rating of “Hold” and an average target price of $71.88.

Get Our Latest Stock Analysis on Xometry

Xometry Stock Performance

Shares of XMTR opened at $80.01 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.72 and a current ratio of 3.76. Xometry has a 1 year low of $29.60 and a 1 year high of $82.53. The stock has a market capitalization of $4.15 billion, a P/E ratio of -78.44 and a beta of 1.01. The company’s fifty day moving average is $44.14 and its two-hundred day moving average is $54.10.

Xometry (NASDAQ:XMTRGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analysts’ expectations of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.41%. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS. On average, sell-side analysts predict that Xometry will post -0.21 earnings per share for the current year.

Insider Activity at Xometry

In other news, CTO Vaidyanathan Raghavan sold 4,572 shares of Xometry stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $43.44, for a total transaction of $198,607.68. Following the sale, the chief technology officer owned 64,304 shares in the company, valued at $2,793,365.76. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Subir Dutt sold 2,410 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $43.47, for a total transaction of $104,762.70. Following the sale, the insider directly owned 88,633 shares of the company’s stock, valued at $3,852,876.51. The trade was a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 67,491 shares of company stock valued at $2,997,263. 9.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xometry

A number of hedge funds have recently added to or reduced their stakes in XMTR. Kemnay Advisory Services Inc. bought a new stake in shares of Xometry during the fourth quarter valued at about $28,000. Quantbot Technologies LP bought a new stake in shares of Xometry during the third quarter valued at about $30,000. GAMMA Investing LLC raised its stake in shares of Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after purchasing an additional 162 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Xometry during the third quarter valued at about $47,000. Finally, Leonteq Securities AG bought a new stake in shares of Xometry during the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry News Roundup

Here are the key news stories impacting Xometry this week:

About Xometry

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Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

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Analyst Recommendations for Xometry (NASDAQ:XMTR)

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