PVG Asset Management Corp Invests $703,000 in Xometry, Inc. $XMTR

PVG Asset Management Corp acquired a new position in Xometry, Inc. (NASDAQ:XMTR) in the 1st quarter, HoldingsChannel reports. The fund acquired 17,220 shares of the company’s stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XMTR. Royal Bank of Canada raised its position in shares of Xometry by 5.0% in the first quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock valued at $1,511,000 after purchasing an additional 2,899 shares during the period. AQR Capital Management LLC bought a new position in Xometry in the 1st quarter worth approximately $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Xometry by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock worth $649,000 after buying an additional 1,877 shares during the period. Goldman Sachs Group Inc. grew its stake in Xometry by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock valued at $11,281,000 after buying an additional 95,154 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Xometry by 476.1% in the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock valued at $8,055,000 after buying an additional 197,013 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Cantor Fitzgerald upgraded Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research report on Friday, May 29th. Royal Bank Of Canada boosted their price objective on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “neutral” rating and set a $78.00 price objective on shares of Xometry in a report on Friday, May 8th. Finally, Wedbush assumed coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $84.25.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $85.72 on Monday. The firm has a fifty day moving average price of $90.86 and a two-hundred day moving average price of $67.47. The company has a market cap of $4.44 billion, a price-to-earnings ratio of -84.04 and a beta of 1.30. 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, Inc. has a one year low of $30.63 and a one year high of $106.08.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping 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 firm had revenue of $205.14 million for the quarter, compared to analysts’ expectations of $188.46 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business’s quarterly revenue was up 35.9% on a year-over-year basis. Analysts anticipate that Xometry, Inc. will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling at Xometry

In other Xometry news, CEO Randolph Altschuler sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $87.85, for a total value of $4,392,500.00. Following the transaction, the chief executive officer directly owned 455,248 shares in the company, valued at $39,993,536.80. This represents a 9.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Subir Dutt sold 5,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $79.86, for a total value of $399,300.00. Following the completion of the transaction, the insider owned 104,732 shares in the company, valued at $8,363,897.52. This represents a 4.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 80,496 shares of company stock valued at $7,124,340 over the last 90 days. Insiders own 9.10% of the company’s stock.

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.