Xometry (NASDAQ:XMTR) Shares Up 4.3% – Time to Buy?

Xometry, Inc. (NASDAQ:XMTR) was up 4.3% during trading on Monday . The stock traded as high as $34.88 and last traded at $34.63. Approximately 113,354 shares changed hands during trading, a decline of 83% from the average daily volume of 663,266 shares. The stock had previously closed at $33.21.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on XMTR. Royal Bank of Canada increased their price target on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Citigroup increased their target price on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $12.00 price target on shares of Xometry in a research note on Wednesday, November 6th. Wedbush reissued an “outperform” rating and set a $48.00 price objective on shares of Xometry in a report on Friday, December 20th. Finally, The Goldman Sachs Group boosted their target price on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Xometry has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Xometry Price Performance

The firm has a market cap of $1.81 billion, a P/E ratio of -34.74 and a beta of 0.65. The business has a 50-day simple moving average of $35.97 and a 200 day simple moving average of $25.48. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

Insider Buying and Selling

In other news, Director Emily Rollins sold 3,729 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $29.49, for a total value of $109,968.21. Following the sale, the director now directly owns 12,457 shares of the company’s stock, valued at $367,356.93. This represents a 23.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter Goguen sold 940 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the sale, the chief operating officer now owns 167,993 shares in the company, valued at approximately $7,116,183.48. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,605 shares of company stock valued at $1,533,640 over the last quarter. 16.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new position in Xometry in the fourth quarter valued at about $27,000. Raymond James & Associates increased its position in shares of Xometry by 0.6% during the 3rd quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock valued at $5,290,000 after purchasing an additional 1,586 shares during the last quarter. US Bancorp DE lifted its stake in shares of Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after purchasing an additional 2,037 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Xometry by 1.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company’s stock worth $9,120,000 after buying an additional 2,375 shares during the last quarter. Finally, State Street Corp grew its position in Xometry by 0.3% during the third quarter. State Street Corp now owns 887,139 shares of the company’s stock valued at $16,297,000 after buying an additional 3,027 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Company Profile

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.