Posted by admin on Jul 3rd, 2022

Xometry, Inc. (NASDAQ:XMTR – Get Rating) CFO James M. Rallo sold 10,000 shares of the stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $33.56, for a total transaction of $335,600.00. Following the transaction, the chief financial officer now owns 21,687 shares in the company, valued at $727,815.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Xometry stock opened at $33.83 on Friday. The firm’s 50-day moving average is $33.54 and its 200-day moving average is $40.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 7.82 and a current ratio of 7.86. Xometry, Inc. has a 1 year low of $26.61 and a 1 year high of $83.21. The company has a market cap of $1.50 billion and a P/E ratio of -12.30.

Several institutional investors have recently bought and sold shares of the company. Amalgamated Bank bought a new position in shares of Xometry in the 1st quarter worth about $113,000. Bank of America Corp DE increased its holdings in shares of Xometry by 263.3% in the 1st quarter. Bank of America Corp DE now owns 75,865 shares of the company’s stock worth $2,788,000 after acquiring an additional 54,981 shares during the period. Capital World Investors increased its holdings in shares of Xometry by 55.2% in the 1st quarter. Capital World Investors now owns 2,139,600 shares of the company’s stock worth $78,630,000 after acquiring an additional 761,100 shares during the period. Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Xometry in the 1st quarter worth about $368,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Xometry in the 1st quarter worth about $33,000. Institutional investors own 77.31% of the company’s stock.

XMTR has been the topic of a number of research analyst reports. CL King reduced their price objective on shares of Xometry from $65.00 to $55.00 in a research note on Thursday, May 12th. Loop Capital initiated coverage on shares of Xometry in a research note on Monday, April 11th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their price objective on shares of Xometry from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, June 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $70.83.

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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