Driehaus Capital Management LLC Takes Position in Xometry, Inc. (NASDAQ:XMTR)

Driehaus Capital Management LLC purchased a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 387,973 shares of the company's stock, valued at approximately $16,551,000. Driehaus Capital Management LLC owned about 0.78% of Xometry as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. First Trust Advisors LP increased its holdings in shares of Xometry by 2,144.2% in the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock worth $34,873,000 after buying an additional 781,049 shares during the last quarter. Baillie Gifford & Co. purchased a new position in Xometry during the 4th quarter valued at about $30,297,000. Ameriprise Financial Inc. raised its position in Xometry by 225.7% during the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock valued at $36,381,000 after purchasing an additional 590,974 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Xometry in the 4th quarter worth approximately $17,623,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Xometry in the 4th quarter worth approximately $12,284,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XMTR. The Goldman Sachs Group boosted their price target on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada raised their target price on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price target on Xometry from $45.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. JMP Securities reissued a "market outperform" rating and set a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Finally, Citigroup decreased their target price on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.89.

Insider Activity

In related news, Director Emily Rollins sold 10,041 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $30.70, for a total value of $308,258.70. Following the transaction, the director now owns 11,105 shares of the company's stock, valued at approximately $340,923.50. This trade represents a 47.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $33,824.98. Following the completion of the transaction, the chief financial officer now owns 144,713 shares in the company, valued at $3,636,637.69. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,297 shares of company stock valued at $2,214,438 in the last ninety days. 16.79% of the stock is currently owned by company insiders.

Xometry Stock Up 6.7%

XMTR traded up $2.04 during trading on Wednesday, hitting $32.60. 312,543 shares of the company's stock traded hands, compared to its average volume of 600,436. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33. The company's 50 day simple moving average is $24.85 and its two-hundred day simple moving average is $30.36. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -31.05 and a beta of 0.71. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Xometry Profile

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.