Xometry (NASDAQ:XMTR) Price Target Raised to $135.00

Xometry (NASDAQ:XMTR) had its price objective boosted by Citizens Jmp from $120.00 to $135.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other brokerages have also recently commented on XMTR. Cantor Fitzgerald boosted their price target on shares of Xometry from $110.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada lifted their target price on Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. The Goldman Sachs Group boosted their target price on Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Raymond James Financial set a $120.00 price target on Xometry in a research note on Tuesday, September 22nd. Finally, Rosenblatt Securities raised their price target on Xometry from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.64.

Xometry Price Performance

Shares of NASDAQ XMTR traded up $5.94 during midday trading on Wednesday, reaching $114.95. The stock had a trading volume of 1,101,668 shares, compared to its average volume of 746,134. The stock has a 50-day moving average of $98.21 and a 200-day moving average of $77.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of -338.08 and a beta of 1.33. Xometry has a 12-month low of $35.86 and a 12-month high of $117.94.

Xometry (NASDAQ:XMTR) last released its earnings results 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. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $235.54 million. During the same quarter in the previous year, the company earned $0.11 EPS. Xometry’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, research analysts anticipate that Xometry will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Randolph Altschuler sold 10,000 shares of Xometry stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $90.82, for a total value of $908,200.00. Following the completion of the transaction, the director owned 551,270 shares in the company, valued at approximately $50,066,341.40. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Vaidyanathan Raghavan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $96.77, for a total value of $483,850.00. Following the sale, the chief technology officer directly owned 135,777 shares in the company, valued at $13,139,140.29. The trade was a 3.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,199 shares of company stock valued at $7,126,855 in the last quarter. 9.10% of the stock is currently owned by insiders.

Institutional Trading of Xometry

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new stake in Xometry in the second quarter worth $36,000. IFP Advisors Inc raised its stake 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 acquiring an additional 385 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Xometry by 36.5% in the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $99,000 after acquiring an additional 256 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Xometry in the 2nd quarter worth about $97,000. Finally, Nykredit A S bought a new position in Xometry during the 2nd quarter valued at about $103,000. 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: 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.

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.