Cantor Fitzgerald Boosts Xometry (NASDAQ:XMTR) Price Target to $20.00

Xometry (NASDAQ:XMTR) had its target price raised by Cantor Fitzgerald from $12.00 to $20.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential downside of 28.47% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada raised their price objective 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. UBS Group increased their price target on Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their target price on Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wedbush reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Xometry in a research note on Friday, December 20th. Finally, Citigroup lifted their price target on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

Xometry Stock Down 10.7 %

XMTR opened at $27.96 on Wednesday. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The stock’s fifty day simple moving average is $36.80 and its 200 day simple moving average is $28.02. Xometry has a 1-year low of $11.08 and a 1-year high of $45.33. The stock has a market cap of $1.39 billion, a PE ratio of -27.50 and a beta of 0.65.

Insider Transactions at Xometry

In other Xometry news, COO Peter Goguen sold 940 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were 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 directly owns 167,993 shares of the company’s stock, valued at $7,116,183.48. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James Miln sold 5,386 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the transaction, the chief financial officer now directly owns 102,329 shares in the company, valued at $4,331,586.57. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,312 shares of company stock valued at $517,537. Insiders own 16.79% of the company’s stock.

Institutional Trading of Xometry

Several large investors have recently bought and sold shares of XMTR. Sylebra Capital LLC raised its holdings in Xometry by 2.1% in the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock worth $78,270,000 after purchasing an additional 37,883 shares in the last quarter. 49 Wealth Management LLC bought a new position in shares of Xometry during the fourth quarter valued at approximately $319,000. State of Wyoming increased its position in Xometry by 8.2% during the 4th quarter. State of Wyoming now owns 8,876 shares of the company’s stock valued at $379,000 after buying an additional 676 shares in the last quarter. Polar Capital Holdings Plc purchased a new stake in shares of Xometry in the fourth quarter worth $14,070,000. Finally, ProShare Advisors LLC bought a new stake in Xometry during the 4th quarter valued at about $511,000. 97.31% of the stock is owned by institutional investors.

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.