Xometry (NASDAQ:XMTR) Stock Price Target Raised at Citigroup

Xometry (NASDAQ:XMTR) had its price objective boosted by Citigroup from $110.00 to $132.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s target price points to a potential upside of 16.28% from the stock’s current price.

Several other brokerages have also recently commented on XMTR. BNP Paribas Exane assumed coverage on shares of Xometry in a research note on Friday, September 18th. They issued an “outperform” rating and a $120.00 price objective for the company. Royal Bank Of Canada upped their target price on shares of Xometry from $100.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Rosenblatt Securities increased their target price on shares of Xometry from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Citizens Jmp boosted their price target on Xometry from $120.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Finally, Raymond James Financial set a $120.00 price target on Xometry in a report on Tuesday, September 22nd. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.45.

Xometry Stock Performance

Shares of Xometry stock traded up $2.23 during trading hours on Wednesday, hitting $113.52. 973,318 shares of the company were exchanged, compared to its average volume of 881,707. Xometry has a 1 year low of $35.86 and a 1 year high of $117.50. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $96.90 and a 200-day moving average of $76.46. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of -189.20 and a beta of 1.33.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $252.44 million for the quarter, compared to analyst estimates of $235.54 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. Xometry’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. As a group, analysts expect that Xometry will post -0.01 EPS for the current fiscal year.

Insider Transactions at Xometry

In other Xometry news, CTO Vaidyanathan Raghavan sold 1,866 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $103.28, for a total transaction of $192,720.48. Following the completion of the sale, the chief technology officer owned 133,911 shares of the company’s stock, valued at approximately $13,830,328.08. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Katharine Weymouth sold 5,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $95.23, for a total value of $476,150.00. Following the sale, the director owned 35,345 shares of the company’s stock, valued at $3,365,904.35. This represents a 12.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 64,699 shares of company stock worth $6,169,735 in the last three months. 9.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XMTR. Wellington Management Group LLP lifted its position in Xometry by 26.9% during the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock valued at $127,656,000 after buying an additional 280,491 shares in the last quarter. Zevenbergen Capital Investments LLC increased its position in shares of Xometry by 115.1% in the third quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after acquiring an additional 159,227 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after acquiring an additional 492,285 shares in the last quarter. Sylebra Capital LLC raised its stake in shares of Xometry by 31.3% in the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after acquiring an additional 127,637 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Xometry by 45.6% in the 1st quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock valued at $11,216,000 after acquiring an additional 85,989 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Key Stories Impacting Xometry

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Q3 results topped estimates: Revenue rose 40% year over year to a record $252 million, while earnings of $0.28 per share beat the $0.19 consensus. The company also reported 43% growth in marketplace revenue and, according to the earnings-call summary, its first GAAP profit. Read More. Read More.
• Positive Sentiment: Marketplace growth showed expanding demand: Marketplace revenue reached $238 million, up 43% year over year, and active buyers increased 20% to 93,812—indicators of broader platform usage. Read More.
• Positive Sentiment: Several analysts raised targets: JPMorgan lifted its target to $140 and kept an overweight rating; Citizens JMP raised its target to $135 with a market-outperform rating; Rosenblatt raised its target to $130 and maintained buy; and Cantor Fitzgerald raised its target to $114 with an overweight rating. Read More.
• Neutral Sentiment: RBC raised its target to $117 from $100 but kept a sector-perform rating, signaling a more measured view than the other recent analyst updates. Read More.

Xometry Company Profile

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.