Xometry (NASDAQ:XMTR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Xometry (NASDAQ:XMTR) had its price target increased by investment analysts at JPMorgan Chase & Co. from $120.00 to $140.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 22.02% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Rosenblatt Securities raised their price objective on shares of Xometry from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial set a $120.00 price objective on shares of Xometry in a research report on Tuesday, September 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. Citizens Jmp boosted their target price on Xometry from $120.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Finally, BNP Paribas Exane started coverage on shares of Xometry in a research note on Friday, September 18th. They issued an “outperform” rating and a $120.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and an average price target of $120.45.

Xometry Trading Up 3.1%

XMTR traded up $3.44 during mid-day trading on Wednesday, hitting $114.73. 570,664 shares of the stock were exchanged, compared to its average volume of 880,803. The firm’s fifty day moving average is $96.90 and its two-hundred day moving average is $76.46. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. Xometry has a 1-year low of $35.86 and a 1-year high of $117.50. The company has a market cap of $5.95 billion, a PE ratio of -191.40 and a beta of 1.33.

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

Insider Transactions at Xometry

In related news, CTO Vaidyanathan Raghavan sold 5,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $96.77, for a total transaction of $483,850.00. Following the transaction, the chief technology officer directly owned 135,777 shares in the company, valued at approximately $13,139,140.29. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Emily Rollins sold 5,000 shares of the firm’s 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 completion of the sale, the director directly owned 15,136 shares in the company, valued at $1,276,116.16. This represents a 24.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 64,699 shares of company stock valued at $6,169,735. Corporate insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Xometry

Hedge funds have recently made changes to their positions in the business. Pictet Asset Management Holding SA lifted its stake in shares of Xometry by 7.6% during the third quarter. Pictet Asset Management Holding SA now owns 7,203 shares of the company’s stock worth $741,000 after purchasing an additional 508 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of Xometry in the third quarter worth $252,000. IPG Investment Advisors LLC lifted its position in shares of Xometry by 34.4% during the third quarter. IPG Investment Advisors LLC now owns 3,361 shares of the company’s stock worth $346,000 after purchasing an additional 861 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Xometry by 7.4% during the 3rd quarter. ProShare Advisors LLC now owns 6,507 shares of the company’s stock worth $669,000 after buying an additional 446 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new position in Xometry in the third quarter worth $216,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Key Xometry News

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Xometry reported record Q3 revenue of about $252 million, up 40% year over year, and earnings of $0.28 per share versus the $0.19 consensus. Marketplace revenue rose 43%; active buyers increased 20% to 93,812. The earnings-call coverage also highlighted the company’s first GAAP profit. Xometry Q3 results Q3 investor takeaways
• Positive Sentiment: Citizens JMP raised its target to $135 and maintained a market-outperform rating; Rosenblatt lifted its target to $130 and kept a buy rating, reinforcing optimism after the earnings beat. Citizens JMP target increase
• Neutral Sentiment: Other target revisions were more cautious: RBC raised its target to $117 with a sector-perform rating, while Cantor Fitzgerald’s new $114 target is below the cited share price despite its overweight rating. These estimates suggest analysts differ on valuation and near-term upside.

Xometry Company Profile

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.