Xometry, Inc. $XMTR Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC reduced its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 19.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 102,650 shares of the company’s stock after selling 24,800 shares during the period. Zweig DiMenna Associates LLC’s holdings in Xometry were worth $4,192,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Xometry in the 4th quarter valued at $28,000. Quantbot Technologies LP acquired a new position in Xometry during the 3rd quarter worth about $30,000. GAMMA Investing LLC boosted its holdings in 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 during the period. Leonteq Securities AG purchased a new position in Xometry during the 4th quarter valued at about $59,000. Finally, Comerica Bank grew its position in Xometry by 17.9% in 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. 97.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup boosted their price target on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Thursday, April 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 price objective on shares of Xometry in a report on Friday, May 8th. Citizens Jmp upped their target price on shares of Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Xometry currently has a consensus rating of “Hold” and a consensus target price of $76.00.

Xometry Stock Performance

Shares of XMTR opened at $97.15 on Wednesday. Xometry, Inc. has a 1 year low of $30.63 and a 1 year high of $99.88. The stock has a market capitalization of $5.03 billion, a PE ratio of -95.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The stock has a 50-day simple moving average of $88.75 and a 200-day simple moving average of $64.94.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm 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 business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. On average, analysts predict that Xometry, Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Activity at Xometry

In other news, CFO James Miln sold 2,392 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $93.29, for a total value of $223,149.68. Following the sale, the chief financial officer directly owned 179,131 shares in the company, valued at approximately $16,711,130.99. This trade represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lukas Alexander Biewald acquired 47,058 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the completion of the transaction, the director 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. Insiders have sold a total of 80,496 shares of company stock worth $7,124,340 over the last ninety days. 9.10% of the stock is currently owned by insiders.

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.