Xometry (NASDAQ:XMTR) Price Target Raised to $70.00 at JPMorgan Chase & Co.

Xometry (NASDAQ:XMTR) had its target price hoisted by JPMorgan Chase & Co. from $55.00 to $70.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 9.58% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th. UBS Group lifted their price target on Xometry from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Wedbush raised their price objective on Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday. Cantor Fitzgerald raised their target price on Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised their target price on Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.10.

Xometry Stock Up 2.0%

XMTR traded up $1.26 on Wednesday, reaching $63.88. The company’s stock had a trading volume of 627,957 shares, compared to its average volume of 722,350. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of -52.05 and a beta of 0.87. Xometry has a 1 year low of $18.59 and a 1 year high of $63.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.91 and a quick ratio of 3.85. The business’s 50 day moving average is $50.96 and its 200 day moving average is $40.26.

Xometry (NASDAQ:XMTR) last released its earnings results on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $180.72 million for the quarter, compared to the consensus estimate of $168.25 million. Xometry had a negative return on equity of 6.79% and a negative net margin of 10.20%.Xometry’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Xometry has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Xometry will post -0.66 EPS for the current fiscal year.

Insider Activity at Xometry

In other Xometry news, CEO Randolph Altschuler sold 9,331 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $50.31, for a total transaction of $469,442.61. Following the transaction, the chief executive officer owned 310,271 shares of the company’s stock, valued at approximately $15,609,734.01. This represents a 2.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Miln sold 598 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $50.25, for a total transaction of $30,049.50. Following the sale, the chief financial officer owned 144,115 shares of the company’s stock, valued at $7,241,778.75. The trade was a 0.41% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.66% of the stock is owned by insiders.

Institutional Trading of Xometry

A number of large investors have recently made changes to their positions in XMTR. Federated Hermes Inc. increased its holdings in shares of Xometry by 264.2% during the first quarter. Federated Hermes Inc. now owns 37,271 shares of the company’s stock worth $929,000 after buying an additional 27,036 shares in the last quarter. LVW Advisors LLC bought a new stake in shares of Xometry in the second quarter worth $388,000. Sheets Smith Investment Management bought a new stake in shares of Xometry in the first quarter worth $347,000. Bank of New York Mellon Corp grew its stake in shares of Xometry by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 116,295 shares of the company’s stock worth $2,898,000 after purchasing an additional 6,690 shares during the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Xometry in the second quarter worth $1,605,000. Institutional investors own 97.31% of the company’s stock.

About Xometry

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.