Brokerages Set Xometry, Inc. (NASDAQ:XMTR) Price Target at $70.83

Xometry, Inc. (NASDAQ:XMTRGet Rating) has been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $70.83.

A number of research firms have weighed in on XMTR. Loop Capital initiated coverage on shares of Xometry in a research note on Monday, April 11th. They set a “buy” rating and a $50.00 price target on the stock. CL King decreased their target price on shares of Xometry from $65.00 to $55.00 in a research report on Thursday, May 12th. Finally, The Goldman Sachs Group dropped their price target on shares of Xometry from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, June 9th.

In other news, CEO Randolph Altschuler sold 22,715 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $35.03, for a total transaction of $795,706.45. Following the sale, the chief executive officer now directly owns 101,582 shares of the company’s stock, valued at $3,558,417.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter Goguen sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $33.43, for a total transaction of $167,150.00. Following the completion of the sale, the chief operating officer now directly owns 136,252 shares of the company’s stock, valued at approximately $4,554,904.36. The disclosure for this sale can be found here. Insiders have sold 96,961 shares of company stock worth $3,381,821 over the last ninety days.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Highland Management Partners 9 LLC acquired a new stake in shares of Xometry during the 4th quarter worth approximately $281,740,000. Foundry Group LLC acquired a new stake in Xometry during the 4th quarter worth $167,923,000. Vanguard Group Inc. grew its holdings in Xometry by 245.6% during the 1st quarter. Vanguard Group Inc. now owns 2,012,915 shares of the company’s stock worth $73,975,000 after acquiring an additional 1,430,477 shares during the period. Clearbridge Investments LLC bought a new stake in shares of Xometry during the 1st quarter valued at $32,504,000. Finally, Blair William & Co. IL grew its stake in shares of Xometry by 1,926.6% during the fourth quarter. Blair William & Co. IL now owns 901,648 shares of the company’s stock worth $46,209,000 after purchasing an additional 857,158 shares during the period. Hedge funds and other institutional investors own 77.31% of the company’s stock.

XMTR opened at $35.97 on Thursday. The stock’s 50 day simple moving average is $34.07 and its 200-day simple moving average is $41.35. The company has a current ratio of 7.86, a quick ratio of 7.82 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.59 billion and a PE ratio of -13.08. Xometry has a 1 year low of $26.61 and a 1 year high of $97.57.

Xometry Company Profile (Get Rating)

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

Further Reading

Analyst Recommendations for Xometry (NASDAQ:XMTR)

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