Xometry (NASDAQ:XMTR) Shares Gap Down – What’s Next?

Xometry, Inc. (NASDAQ:XMTR) gapped down before the market opened on Tuesday . The stock had previously closed at $32.18, but opened at $30.08. Xometry shares last traded at $31.40, with a volume of 62,391 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on XMTR shares. The Goldman Sachs Group increased their target price on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup raised their price target on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 target price on shares of Xometry in a report on Wednesday, November 6th. JMP Securities lifted their target price on shares of Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Finally, UBS Group raised their price target on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.29.

Xometry Price Performance

The firm has a fifty day moving average price of $20.02 and a two-hundred day moving average price of $16.95. The stock has a market capitalization of $1.56 billion, a P/E ratio of -30.65 and a beta of 0.55. The company has a quick ratio of 4.60, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Insider Activity

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its position in Xometry by 22.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after purchasing an additional 2,140 shares during the period. Vanguard Group Inc. grew its stake in Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after purchasing an additional 76,976 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new position in Xometry during the 1st quarter worth $169,000. Clearbridge Investments LLC grew its stake in Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after purchasing an additional 217,939 shares in the last quarter. Finally, Sylebra Capital LLC grew its stake in Xometry by 1,005.3% during the 1st quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock worth $10,882,000 after purchasing an additional 585,971 shares in the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.