Xometry, Inc. (NASDAQ:XMTR – Get Rating) COO Peter Goguen sold 4,000 shares of the company's stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $54.00, for a total transaction of $216,000.00. Following the completion of the sale, the chief operating officer now owns 116,252 shares of the company's stock, valued at approximately $6,277,608. The transaction was disclosed in a filing with the SEC, which is available through this link.
Xometry Price Performance
Shares of NASDAQ:XMTR opened at $58.36 on Friday. The company has a quick ratio of 6.90, a current ratio of 6.93 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.60 billion, a PE ratio of -35.59 and a beta of 0.04. Xometry, Inc. has a twelve month low of $26.61 and a twelve month high of $70.51. The company has a 50-day moving average price of $43.14 and a two-hundred day moving average price of $38.62.
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Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on XMTR shares. Royal Bank of Canada increased their price target on shares of Xometry from $46.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. reduced their price target on shares of Xometry from $100.00 to $65.00 in a research report on Wednesday, August 24th. The Goldman Sachs Group increased their price target on shares of Xometry from $44.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, August 11th. CL King increased their price target on shares of Xometry from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 11th. Finally, Loop Capital reduced their price target on shares of Xometry from $50.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, July 19th.
Institutional Investors Weigh In On Xometry
Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of Xometry by 43.9% during the second quarter. Legal & General Group Plc now owns 6,734 shares of the company's stock worth $229,000 after acquiring an additional 2,054 shares in the last quarter. Advisory Research Inc. raised its stake in shares of Xometry by 56.1% during the second quarter. Advisory Research Inc. now owns 89,131 shares of the company's stock worth $3,024,000 after acquiring an additional 32,016 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Xometry by 118.8% during the second quarter. Thrivent Financial for Lutherans now owns 334,281 shares of the company's stock worth $11,342,000 after acquiring an additional 181,524 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Xometry by 0.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 6,680,356 shares of the company's stock worth $226,664,000 after acquiring an additional 51,333 shares in the last quarter. Finally, Driehaus Capital Management LLC raised its stake in shares of Xometry by 415.5% during the second quarter. Driehaus Capital Management LLC now owns 760,210 shares of the company's stock worth $25,794,000 after acquiring an additional 612,731 shares in the last quarter. 95.80% of the stock is owned by hedge funds and other institutional investors.
Xometry Company Profile
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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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