Algert Global LLC acquired a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,535 shares of the company's stock, valued at approximately $1,132,000. Algert Global LLC owned about 0.05% of Xometry at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of XMTR. Global Retirement Partners LLC purchased a new position in Xometry during the 4th quarter valued at $27,000. Canada Pension Plan Investment Board purchased a new stake in shares of Xometry in the 4th quarter worth $38,000. Comerica Bank raised its position in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after acquiring an additional 749 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Xometry in the 4th quarter worth $73,000. Finally, Summit Investment Advisors Inc. raised its position in shares of Xometry by 8.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock worth $190,000 after acquiring an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.
Analyst Ratings Changes
XMTR has been the topic of several recent analyst reports. Royal Bank of Canada upped their target price on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. UBS Group increased their price target on Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. JMP Securities restated a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. The Goldman Sachs Group raised their target price on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Xometry from $45.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Xometry has a consensus rating of "Moderate Buy" and an average target price of $34.89.
Read Our Latest Report on XMTR
Xometry Stock Performance
Shares of Xometry stock traded up $0.79 on Friday, hitting $33.90. The stock had a trading volume of 141,701 shares, compared to its average volume of 598,006. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -32.28 and a beta of 0.71. The company's 50 day moving average price is $25.22 and its 200 day moving average price is $30.47.
Insider Activity
In other news, Director Emily Rollins sold 10,041 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $30.70, for a total transaction of $308,258.70. Following the completion of the transaction, the director now directly owns 11,105 shares of the company's stock, valued at approximately $340,923.50. This represents a 47.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO James Miln sold 1,346 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total value of $33,824.98. Following the transaction, the chief financial officer now directly owns 144,713 shares of the company's stock, valued at approximately $3,636,637.69. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 85,297 shares of company stock valued at $2,214,438. Insiders own 9.66% of the company's stock.
About Xometry
(
Free Report)
Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.
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