Odyssean LLC purchased a new stake in Xometry, Inc. (NASDAQ:XMTR – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 15,167 shares of the company’s stock, valued at approximately $1,464,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in shares of 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 purchasing an additional 690,558 shares in the last quarter. First Trust Advisors LP raised its position in Xometry by 9.2% in the fourth quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock worth $93,729,000 after acquiring an additional 132,792 shares during the period. Wellington Management Group LLP increased its position in Xometry by 26.9% in the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after buying an additional 280,491 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Xometry during the 4th quarter worth $76,393,000. Finally, State Street Corp increased its holdings in Xometry by 1.2% in the 4th quarter. State Street Corp now owns 978,540 shares of the company’s stock worth $58,194,000 after acquiring an additional 11,272 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on XMTR shares. Cantor Fitzgerald upped their price target on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Wedbush started coverage on Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Xometry in a report on Monday, August 24th. They issued an “overweight” rating and a $120.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. Finally, Citigroup lifted their target price on shares of Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.33.
Insider Activity at Xometry
In other Xometry news, Director Katharine Weymouth sold 5,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $95.23, for a total transaction of $476,150.00. Following the completion of the transaction, the director owned 35,345 shares of the company’s stock, valued at $3,365,904.35. This represents a 12.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Vaidyanathan Raghavan sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $96.77, for a total value of $483,850.00. Following the transaction, the chief technology officer owned 135,777 shares of the company’s stock, valued at $13,139,140.29. This represents a 3.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 55,553 shares of company stock worth $5,116,368 in the last quarter. 9.10% of the stock is currently owned by insiders.
Xometry Price Performance
Shares of XMTR opened at $92.53 on Friday. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $106.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The stock has a market cap of $4.79 billion, a PE ratio of -154.21 and a beta of 1.32. The firm’s 50-day simple moving average is $91.55 and its two-hundred day simple moving average is $72.32.
Xometry (NASDAQ:XMTR – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The business had revenue of $229.28 million for the quarter, compared to the consensus estimate of $215.22 million. During the same period last year, the business posted $0.09 EPS. The company’s revenue was up 41.1% compared to the same quarter last year. Analysts anticipate that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.
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.
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