Roubaix Capital LLC Acquires 65,058 Shares of Xometry, Inc. $XMTR

Roubaix Capital LLC boosted its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 64.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 165,931 shares of the company’s stock after purchasing an additional 65,058 shares during the quarter. Xometry comprises 3.2% of Roubaix Capital LLC’s portfolio, making the stock its 7th biggest position. Roubaix Capital LLC’s holdings in Xometry were worth $6,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XMTR. Ameriprise Financial Inc. boosted its holdings in shares of Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after acquiring an additional 690,558 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Xometry by 9.2% during the fourth quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock worth $93,729,000 after purchasing an additional 132,792 shares during the last quarter. Baillie Gifford & Co. lifted its position in Xometry by 1.6% during the fourth quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock valued at $77,677,000 after purchasing an additional 20,901 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in Xometry during the fourth quarter valued at $76,393,000. Finally, State Street Corp lifted its position in Xometry by 1.2% during the fourth quarter. State Street Corp now owns 978,540 shares of the company’s stock valued at $58,194,000 after purchasing an additional 11,272 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XMTR has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Citizens Jmp boosted their price objective on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Citigroup upped their target price on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada raised their target price on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Wedbush started coverage on Xometry in a report on Thursday. They set an “outperform” rating and a $126.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $84.25.

Insider Buying and Selling at Xometry

In other Xometry news, Director Lukas Alexander Biewald bought 47,058 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost 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. The trade was a 582.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Randolph Altschuler sold 5,722 shares of Xometry stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.30, for a total value of $533,862.60. Following the completion of the transaction, the director owned 428,750 shares of the company’s stock, valued at approximately $40,002,375. This represents a 1.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 80,496 shares of company stock worth $7,124,340. 9.10% of the stock is currently owned by company insiders.

Xometry Stock Performance

XMTR opened at $98.54 on Friday. The firm has a fifty day moving average price of $90.32 and a 200 day moving average price of $65.64. Xometry, Inc. has a 1 year low of $30.63 and a 1 year high of $102.00. The stock has a market cap of $5.11 billion, a P/E ratio of -96.61 and a beta of 1.27. 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, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The firm’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) earnings per share. Equities research analysts anticipate that Xometry, Inc. will post -0.06 earnings per share for the current year.

Xometry Company 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.