Sei Investments Co. increased its stake in shares of Xometry, Inc. (NASDAQ:XMTR – Free Report) by 45.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 274,641 shares of the company’s stock after buying an additional 85,989 shares during the quarter. Sei Investments Co.’s holdings in Xometry were worth $11,216,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new position in Xometry in the fourth quarter valued at about $28,000. Quantbot Technologies LP purchased a new stake in shares of Xometry during the 3rd quarter worth approximately $30,000. Leonteq Securities AG purchased a new stake in shares of Xometry during the 4th quarter worth approximately $59,000. Comerica Bank raised its holdings in shares of Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after purchasing an additional 173 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Xometry by 74.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after purchasing an additional 697 shares during the period. Institutional investors own 97.31% of the company’s stock.
Xometry Stock Performance
NASDAQ:XMTR opened at $85.72 on Friday. The business’s fifty day moving average is $90.86 and its 200 day moving average is $67.45. Xometry, Inc. has a 52-week low of $30.63 and a 52-week high of $106.08. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of -84.04 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78.
Analyst Ratings Changes
Several brokerages have weighed in on XMTR. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Thursday, April 30th. Wedbush began coverage on Xometry in a research note on Thursday, July 16th. They issued an “outperform” rating and a $126.00 target price on the stock. Citizens Jmp upped their price target on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Finally, Royal Bank Of Canada lifted their price objective on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Xometry currently has a consensus rating of “Hold” and a consensus price target of $84.25.
Read Our Latest Research Report on XMTR
Insiders Place Their Bets
In other news, insider Subir Dutt sold 5,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $79.86, for a total transaction of $399,300.00. Following the sale, the insider owned 104,732 shares in the company, valued at approximately $8,363,897.52. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lukas Alexander Biewald purchased 47,058 shares of the stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $85.00 per share, for a total transaction of $3,999,930.00. Following the transaction, the director directly owned 55,134 shares of the company’s stock, valued at approximately $4,686,390. This represents a 582.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 80,496 shares of company stock worth $7,124,340. 9.10% of the stock is owned by corporate insiders.
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.
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