Xometry (NASDAQ:XMTR) Given New $22.00 Price Target at UBS Group

Xometry (NASDAQ:XMTR) had its price target upped by equities researchers at UBS Group from $20.00 to $22.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential downside of 28.59% from the company’s previous close.

Other research analysts have also issued reports about the company. Citigroup raised their price objective on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada upped their price target on shares of Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Cantor Fitzgerald restated an “underweight” rating and set a $12.00 price target on shares of Xometry in a report on Wednesday. Finally, JMP Securities increased their target price on shares of Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Xometry has an average rating of “Hold” and a consensus price target of $26.29.

Xometry Price Performance

Shares of NASDAQ:XMTR traded up $4.97 during trading on Wednesday, reaching $30.81. The stock had a trading volume of 1,200,885 shares, compared to its average volume of 601,635. Xometry has a 1-year low of $11.08 and a 1-year high of $38.74. The stock has a market cap of $1.52 billion, a PE ratio of -28.34 and a beta of 0.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64. The business has a fifty day moving average price of $19.14 and a 200-day moving average price of $16.55.

Xometry (NASDAQ:XMTR) last released its earnings results on Tuesday, November 5th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.09. The firm had revenue of $141.70 million during the quarter, compared to analysts’ expectations of $137.17 million. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. On average, equities analysts forecast that Xometry will post -0.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Matthew Leibel sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the transaction, the chief technology officer now owns 82,918 shares of the company’s stock, valued at approximately $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.79% of the stock is owned by corporate insiders.

Institutional Trading of Xometry

A number of institutional investors have recently made changes to their positions in XMTR. State Board of Administration of Florida Retirement System raised its stake in Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares during the period. Vanguard Group Inc. boosted its stake in shares of Xometry by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after purchasing an additional 76,976 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Xometry during the first quarter valued at $169,000. Clearbridge Investments LLC raised its holdings in shares of Xometry by 20.7% in the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after acquiring an additional 217,939 shares in the last quarter. Finally, Sylebra Capital LLC raised its holdings in Xometry by 1,005.3% in the first 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. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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.