ARK Investment Management LLC boosted its stake in shares of Xometry, Inc. (NASDAQ:XMTR – Free Report) by 21.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 121,765 shares of the company’s stock after acquiring an additional 21,178 shares during the period. ARK Investment Management LLC owned about 0.24% of Xometry worth $4,114,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in XMTR. Nuveen LLC acquired a new position in Xometry during the first quarter worth $14,639,000. Next Century Growth Investors LLC grew its holdings in shares of Xometry by 194.1% during the first quarter. Next Century Growth Investors LLC now owns 664,292 shares of the company’s stock worth $16,554,000 after buying an additional 438,393 shares in the last quarter. Stephens Investment Management Group LLC purchased a new stake in shares of Xometry during the second quarter worth $13,292,000. CenterBook Partners LP grew its holdings in shares of Xometry by 201.0% during the first quarter. CenterBook Partners LP now owns 298,721 shares of the company’s stock worth $7,444,000 after buying an additional 199,489 shares in the last quarter. Finally, Inflection Point Investments LLP purchased a new stake in shares of Xometry during the second quarter worth $5,520,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on XMTR. Cantor Fitzgerald raised shares of Xometry from an “underweight” rating to a “neutral” rating and set a $41.00 target price for the company in a report on Tuesday, August 5th. Citigroup reaffirmed an “outperform” rating on shares of Xometry in a report on Friday, July 11th. JMP Securities upped their price objective on shares of Xometry from $45.00 to $50.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. UBS Group upped their price objective on shares of Xometry from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.22.
Insider Activity
In other news, CEO Randolph Altschuler sold 9,331 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $50.31, for a total transaction of $469,442.61. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Miln sold 598 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $50.25, for a total transaction of $30,049.50. Following the sale, the chief financial officer directly owned 144,115 shares in the company, valued at $7,241,778.75. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. 9.66% of the stock is currently owned by corporate insiders.
Xometry Stock Up 0.3%
Shares of XMTR opened at $48.69 on Thursday. The stock has a market capitalization of $2.47 billion, a PE ratio of -39.59 and a beta of 0.89. Xometry, Inc. has a 1 year low of $18.59 and a 1 year high of $58.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.85 and a current ratio of 3.91. The company’s 50-day simple moving average is $50.28 and its 200-day simple moving average is $38.03.
Xometry (NASDAQ:XMTR – Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. The business had revenue of $162.55 million for the quarter, compared to analysts’ expectations of $156.53 million. Xometry had a negative net margin of 10.20% and a negative return on equity of 6.79%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Xometry has set its Q3 2025 guidance at EPS. Analysts forecast that Xometry, Inc. will post -0.66 earnings per share for the current fiscal year.
Xometry Company Profile
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.
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