JMP Securities Reaffirms Their Buy Rating on Xometry (XMTR)

In a report released today, Nicholas Jones CFA from JMP Securities maintained a Buy rating on Xometry (XMTR – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $16.15.

According to TipRanks, Jones CFA is a 5-star analyst with an average return of 21.0% and a 46.75% success rate. Jones CFA covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Expedia, and Chewy.

In addition to JMP Securities, Xometry also received a Buy from Craig-Hallum’s Greg Palm in a report issued yesterday. However, on April 15, RBC Capital maintained a Hold rating on Xometry (NASDAQ: XMTR).

The company has a one-year high of $38.74 and a one-year low of $12.45. Currently, Xometry has an average volume of 682.8K.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XMTR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Xometry (XMTR) Company Description:

Xometry Inc is engaged in providing AI-enabled manufacturing equipment. Its buyers include engineers, product designers, procurement and supply chain personnel, inventors, and business owners. The manufacturing processes offered by the company include CNC Machining, Injection Molding, Urethane Casting, 3D Printing, and Die Casting.