Xometry, Inc. $XMTR Holdings Boosted by Polen Capital Management LLC

Polen Capital Management LLC grew its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 169.3% during the 4th quarter, HoldingsChannel reports. The fund owned 22,321 shares of the company’s stock after acquiring an additional 14,031 shares during the period. Polen Capital Management LLC’s holdings in Xometry were worth $1,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Xometry during the 3rd quarter valued at $30,000. GAMMA Investing LLC grew its holdings in shares of Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after acquiring an additional 162 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Xometry during the 4th quarter valued at $59,000. Comerica Bank grew its holdings in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after acquiring an additional 173 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Xometry during the 4th quarter valued at $71,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on XMTR shares. William Blair restated an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. The Goldman Sachs Group restated a “neutral” rating and set a $78.00 price target on shares of Xometry in a report on Friday, May 8th. Royal Bank Of Canada boosted their price target on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. UBS Group boosted their price target on shares of Xometry from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Finally, Citizens Jmp boosted their price target on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $76.00.

Xometry Stock Up 4.6%

XMTR stock opened at $86.15 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. Xometry, Inc. has a 1 year low of $29.60 and a 1 year high of $99.86. The company has a fifty day simple moving average of $67.22 and a 200 day simple moving average of $59.57. The firm has a market cap of $4.46 billion, a PE ratio of -84.46 and a beta of 1.27.

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

Insiders Place Their Bets

In related news, CFO James Miln sold 1,500 shares of Xometry stock in a transaction on Monday, June 1st. The shares were sold at an average price of $96.90, for a total value of $145,350.00. Following the completion of the sale, the chief financial officer owned 183,023 shares of the company’s stock, valued at approximately $17,734,928.70. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lukas Alexander Biewald acquired 47,058 shares of Xometry stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the purchase, the director owned 55,134 shares in the company, valued at $4,686,390. The trade was a 582.69% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 68,943 shares of company stock worth $5,989,621 in the last 90 days. 9.10% of the stock is owned by corporate insiders.

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.