Xometry (NASDAQ:XMTR) Trading 4.3% Higher – Here’s What Happened

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

Wall Street Analyst Weigh In

XMTR has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. Citigroup boosted their price objective on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum increased their target price on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Wedbush reissued an “outperform” rating and issued a $48.00 price target on shares of Xometry in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.33.

Xometry Stock Performance

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

Insider Activity

In other news, CFO James Miln sold 5,386 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the transaction, the chief financial officer now owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Peter Goguen sold 940 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.36, for a total value of $39,818.40. Following the completion of the sale, the chief operating officer now owns 167,993 shares of the company’s stock, valued at approximately $7,116,183.48. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,605 shares of company stock worth $1,533,640. 16.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xometry

Several hedge funds and other institutional investors have recently made changes to their positions in XMTR. FMR LLC increased its stake in Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after buying an additional 1,169,778 shares during the period. Baillie Gifford & Co. purchased a new position in shares of Xometry during the fourth quarter worth approximately $30,297,000. Fred Alger Management LLC raised its stake in shares of Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after acquiring an additional 312,971 shares in the last quarter. Sylebra Capital LLC boosted its holdings in shares of Xometry by 19.1% in the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after purchasing an additional 288,151 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Xometry by 44.9% in the second quarter. Dimensional Fund Advisors LP now owns 493,847 shares of the company’s stock worth $5,712,000 after purchasing an additional 153,107 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.