Analysts Lift Xometry Price Targets to $75 as Q3 Revenue Exceeds Estimates by 7.4%
On Nov. 5, five analysts raised Xometry’s price targets—Citizens JMP to $75, Cantor Fitzgerald to $60, Wedbush to $70 and JPMorgan to $70—driving its average 12-month objective to $57.89. In Q3, Xometry posted $180.7M revenue (+27.5% YoY) and $0.11 EPS, meeting estimates, while insiders sold $161.7K shares at ~$61 each.
1. Analyst Consensus and Price Objectives
Ten firms covering Xometry have produced an average recommendation of Hold, with one Sell, four Hold and five Buy ratings. The mean 12-month price objective stands around $58. Analysts at Citizens JMP and JMP Securities both raised their targets into the mid-$70 range, while Cantor Fitzgerald lifted its neutral target to $60. Wedbush and JPMorgan Chase boosted theirs to roughly $70, reflecting increased confidence in the company’s growth trajectory following recent revenue beats.
2. Insider Transactions Highlight Confidence and Minor Reductions
CFO James Miln sold approximately 600 shares in early November, reducing his holding by 0.42% to just over 141,000 shares. In mid-November, engineering chief Subir Dutt sold about 2,075 shares, paring his stake by 2.83% to roughly 71,300 shares. Over the past quarter, insiders have sold a combined 12,005 shares, representing 9.66% of total insider ownership—suggesting selective liquidity rather than broad-based exit.
3. Institutional Activity and Key Financial Metrics
Major funds repositioned in Xometry during Q2: Hood River Capital Management increased its stake by 29.7%, adding nearly 93,000 shares; Squarepoint Ops grew its holdings by 33.9% with an increment of 46,500 shares; meanwhile, LVW Advisors, Sheets Smith Investment Management and Zweig DiMenna Associates established new positions ranging from $347,000 to $1.6 million. Institutional ownership now exceeds 97%. In its latest quarter, Xometry delivered revenue up 27.5% year-over-year to $180.7 million, meeting consensus EPS of $0.11 but retaining a negative net margin near 10% and a debt-to-equity ratio of 1.20.