Xometry, Inc. $XMTR Shares Sold by Faithward Advisors LLC

Faithward Advisors LLC cut its stake in Xometry, Inc. (NASDAQ:XMTR) by 4.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 230,131 shares of the company’s stock after selling 11,671 shares during the quarter. Xometry makes up about 2.0% of Faithward Advisors LLC’s holdings, making the stock its 9th biggest holding. Faithward Advisors LLC’s holdings in Xometry were worth $13,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. First Trust Advisors LP raised its holdings in shares of Xometry by 12.8% in the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock worth $78,616,000 after buying an additional 164,278 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Xometry by 115.2% in 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. Blair William & Co. IL raised its holdings in shares of Xometry by 22.1% in the 3rd quarter. Blair William & Co. IL now owns 324,565 shares of the company’s stock worth $17,679,000 after buying an additional 58,707 shares in the last quarter. Comerica Bank raised its holdings in shares of Xometry by 2,427.4% in the 4th quarter. Comerica Bank now owns 28,812 shares of the company’s stock worth $1,713,000 after buying an additional 27,672 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Xometry in the 3rd quarter worth approximately $2,623,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XMTR has been the topic of a number of research analyst reports. UBS Group increased their price target on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Citigroup increased their price target on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Citizens Jmp increased their price target on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. William Blair restated an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Finally, Royal Bank Of Canada increased their price target on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.00.

Xometry Stock Up 0.0%

NASDAQ XMTR opened at $87.03 on Tuesday. The firm has a market cap of $4.51 billion, a PE ratio of -85.32 and a beta of 1.26. Xometry, Inc. has a one year low of $29.60 and a one year high of $99.86. The stock’s 50 day simple moving average is $69.01 and its 200 day simple moving average is $60.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.Xometry’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. As a group, sell-side analysts forecast that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Transactions at Xometry

In other Xometry news, insider Subir Dutt sold 5,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $79.86, for a total value of $399,300.00. Following the transaction, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lukas Alexander Biewald acquired 47,058 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average price of $85.00 per share, for a total transaction of $3,999,930.00. Following the completion of the transaction, the director directly owned 55,134 shares in the company, valued at approximately $4,686,390. The trade was a 582.69% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 68,943 shares of company stock worth $5,989,621. Corporate insiders own 9.10% of the company’s stock.

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.