Citigroup Cuts Xometry (NASDAQ:XMTR) Price Target to $65.00

Xometry (NASDAQ:XMTR) had its target price decreased by Citigroup from $75.00 to $65.00 in a research report sent to investors on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other analysts have also recently commented on XMTR. Cantor Fitzgerald upped their price target on Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada dropped their price objective on Xometry from $64.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Xometry in a research report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Finally, Wedbush cut their price objective on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.00.

Xometry Trading Down 9.4%

Shares of XMTR stock opened at $41.01 on Wednesday. The company has a quick ratio of 3.58, a current ratio of 3.76 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $2.10 billion, a P/E ratio of -33.61 and a beta of 0.86. The firm has a 50-day moving average price of $60.65 and a 200 day moving average price of $56.02. Xometry has a 12-month low of $18.59 and a 12-month high of $73.87.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.The business had revenue of $192.40 million during the quarter, compared to analysts’ expectations of $183.37 million. During the same period in the previous year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. Research analysts forecast that Xometry will post -0.66 earnings per share for the current fiscal year.

Insider Transactions at Xometry

In other Xometry news, CEO Randolph Altschuler sold 31,928 shares of Xometry stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $43.44, for a total transaction of $1,386,952.32. Following the transaction, the chief executive officer owned 372,377 shares of the company’s stock, valued at $16,176,056.88. This trade represents a 7.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Subir Dutt sold 2,410 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $43.47, for a total transaction of $104,762.70. Following the sale, the insider owned 88,633 shares of the company’s stock, valued at approximately $3,852,876.51. The trade was a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 127,852 shares of company stock worth $6,993,940. Company insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XMTR. Kemnay Advisory Services Inc. purchased a new position in shares of Xometry during the fourth quarter worth about $28,000. Quantbot Technologies LP bought a new position in shares of Xometry during the third quarter valued at about $30,000. Advisors Asset Management Inc. lifted its stake in Xometry by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock worth $34,000 after acquiring an additional 412 shares during the period. Westend Capital Management LLC purchased a new stake in Xometry in the third quarter worth about $41,000. Finally, GAMMA Investing LLC lifted its position in Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares during the period. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Xometry

Here are the key news stories impacting Xometry this week:

• Positive Sentiment: Company delivered a solid quarter — revenue grew ~29.5% year‑over‑year and Q4 EPS beat consensus, supporting the long‑term growth story. Read More.
• Positive Sentiment: Management will attend investor conferences (including a March 3 fireside chat), giving investors more access to management and clarity on the upcoming CEO transition. Read More.
• Positive Sentiment: Some firms remain constructive — Citigroup and Wedbush kept buy/outperform stances even while trimming targets, which preserves upside conviction among bullish investors. Read More.
• Neutral Sentiment: A number of analysts adjusted targets with mixed tones — UBS and Royal Bank of Canada moved to neutral/sector‑perform levels, trimming upside but not issuing outright sell calls. This reduces short‑term consensus upside but isn’t uniformly bearish. Read More.
• Neutral Sentiment: Institutional ownership is very high (~97%), so large insider transactions and analyst flows can disproportionately influence intraday liquidity and volatility. Read More.
• Negative Sentiment: Significant, contemporaneous insider selling — CEO, CFO, President, CTO and other insiders reported multi‑thousand‑share sales on Feb. 26. Heavy insider sales on the same day typically spook investors and add downward pressure. Read More.
• Negative Sentiment: Analyst downgrades and target cuts triggered selling flow — several outlets reported the stock drifting lower after the analyst actions, which appears to be a primary catalyst for today’s weakness. Read More.
• Negative Sentiment: Conflicting narratives around the earnings release (some headlines emphasizing the beat, others highlighting margin/negative net income issues) increase short‑term uncertainty and volatility. Read More.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.