Algert Global LLC Invests $1.13 Million in Xometry, Inc. (NASDAQ:XMTR)

Algert Global LLC purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,535 shares of the company’s stock, valued at approximately $1,132,000. Algert Global LLC owned approximately 0.05% of Xometry at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XMTR. Comerica Bank lifted its holdings in Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after acquiring an additional 749 shares during the period. Northern Trust Corp lifted its stake in shares of Xometry by 11.1% in the fourth quarter. Northern Trust Corp now owns 408,419 shares of the company’s stock valued at $17,423,000 after purchasing an additional 40,889 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Xometry during the fourth quarter worth about $3,529,000. Lord Abbett & CO. LLC acquired a new position in Xometry during the fourth quarter worth about $17,623,000. Finally, Hood River Capital Management LLC increased its holdings in Xometry by 26.9% in the fourth quarter. Hood River Capital Management LLC now owns 266,444 shares of the company’s stock valued at $11,367,000 after buying an additional 56,463 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insiders Place Their Bets

In other news, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction on Friday, May 9th. The stock was sold at an average price of $30.70, for a total value of $308,258.70. Following the completion of the sale, the director now owns 11,105 shares of the company’s stock, valued at $340,923.50. The trade was a 47.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Miln sold 25,852 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total value of $621,999.12. Following the transaction, the chief financial officer now owns 105,238 shares in the company, valued at $2,532,026.28. This trade represents a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 88,297 shares of company stock valued at $2,321,148. Company insiders own 16.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Xometry from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald raised their price target on Xometry from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday. UBS Group boosted their price objective on shares of Xometry from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup dropped their target price on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Royal Bank of Canada upped their price target on shares of Xometry from $32.00 to $36.00 and gave the company a “sector perform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.89.

Xometry Stock Performance

NASDAQ:XMTR opened at $30.49 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The firm has a market cap of $1.53 billion, a PE ratio of -29.04 and a beta of 0.71. The firm has a 50 day simple moving average of $24.60 and a 200-day simple moving average of $30.19. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33.

About Xometry

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.