Xometry (NASDAQ:XMTR) Price Target Raised to $33.00 at Citigroup

Xometry (NASDAQ:XMTR) had its price objective lifted by Citigroup from $25.00 to $33.00 in a report published on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

XMTR has been the subject of a number of other research reports. Craig Hallum lifted their price objective on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday. The Goldman Sachs Group increased their price objective on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 target price on shares of Xometry in a research report on Wednesday. Finally, JMP Securities upped their price target 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.29.

Xometry Stock Performance

NASDAQ:XMTR opened at $30.62 on Wednesday. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.51 billion, a P/E ratio of -28.09 and a beta of 0.55. The firm has a 50-day moving average price of $19.14 and a two-hundred day moving average price of $16.55. Xometry has a twelve month low of $11.08 and a twelve month high of $38.74.

Xometry (NASDAQ:XMTR) last released its earnings results on Tuesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The company had revenue of $141.70 million for the quarter, compared to analyst estimates of $137.17 million. As a group, research analysts expect that Xometry will post -0.81 earnings per share for the current fiscal year.

Insider Transactions at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 16.79% of the company’s stock.

Institutional Investors Weigh In On Xometry

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Xometry in the 2nd quarter worth $38,000. ProShare Advisors LLC purchased a new position in Xometry in the second quarter valued at about $53,000. Point72 Asset Management L.P. purchased a new stake in Xometry during the 2nd quarter worth approximately $55,000. US Bancorp DE boosted its stake in shares of Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after buying an additional 2,037 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Xometry during the second quarter worth approximately $129,000. 97.31% of the stock is owned by institutional investors and hedge funds.

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.