Xometry, Inc. $XMTR is Peregrine Investment Management Inc.’s 2nd Largest Position

Peregrine Investment Management Inc. raised its position in Xometry, Inc. (NASDAQ:XMTR) by 98.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 215,100 shares of the company’s stock after acquiring an additional 106,970 shares during the quarter. Xometry comprises approximately 6.9% of Peregrine Investment Management Inc.’s holdings, making the stock its 2nd largest position. Peregrine Investment Management Inc.’s holdings in Xometry were worth $8,785,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in XMTR. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Xometry in the fourth quarter valued at approximately $76,393,000. Ameriprise Financial Inc. increased its stake in Xometry by 54.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after buying an additional 690,558 shares during the period. Durable Capital Partners LP purchased a new stake in Xometry during the 3rd quarter worth approximately $36,455,000. Stephens Investment Management Group LLC lifted its holdings in Xometry by 115.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after buying an additional 451,259 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Xometry by 272.0% during the 4th quarter. Lord Abbett & CO. LLC now owns 479,013 shares of the company’s stock worth $28,487,000 after buying an additional 350,230 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $49.77 on Tuesday. The stock’s 50-day simple moving average is $45.28 and its 200-day simple moving average is $53.96. The firm has a market capitalization of $2.58 billion, a PE ratio of -40.79 and a beta of 0.88. Xometry, Inc. has a fifty-two week low of $21.41 and a fifty-two week high of $73.87. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.72 and a current ratio of 3.76.

Xometry (NASDAQ:XMTR) last announced 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. The firm had revenue of $192.40 million during the quarter, compared to the consensus estimate of $183.37 million. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 earnings per share. As a group, equities research analysts forecast that Xometry, Inc. will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling at Xometry

In other news, insider Subir Dutt sold 2,410 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $43.47, for a total value of $104,762.70. Following the completion of the transaction, the insider owned 88,633 shares in the company, valued at approximately $3,852,876.51. This represents a 2.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Sanjeev Singh Sahni sold 9,978 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $43.45, for a total transaction of $433,544.10. Following the completion of the transaction, the president directly owned 113,022 shares in the company, valued at $4,910,805.90. This trade represents a 8.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 68,090 shares of company stock worth $3,032,592. 9.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, January 21st. Royal Bank Of Canada reduced 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, February 25th. UBS Group lifted their target price on Xometry from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Citigroup lowered their target price on Xometry from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, William Blair restated an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.00.

Xometry Profile

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.