PDT Partners LLC Invests $2.65 Million in Xometry, Inc. $XMTR

Key Points

• PDT Partners LLC acquired a new stake in Xometry, Inc. by purchasing 106,241 shares valued at approximately $2.65 million in the first quarter of the year.
• Several other institutional investors, including Royal Bank of Canada and Driehaus Capital Management, have increased their stakes in Xometry, indicating strong institutional interest in the company, which now has 97.31% of its stock owned by institutions.
• Xometry reported a 22.6% revenue increase year-over-year for the last quarter, with revenue hitting $162.55 million, surpassing analyst estimates.

PDT Partners LLC purchased a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 106,241 shares of the company's stock, valued at approximately $2,648,000. PDT Partners LLC owned approximately 0.21% of Xometry at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Corebridge Financial Inc. lifted its holdings in Xometry by 1.6% in the 1st quarter. Corebridge Financial Inc. now owns 21,481 shares of the company's stock worth $535,000 after purchasing an additional 348 shares in the last quarter. Zevenbergen Capital Investments LLC increased its position in Xometry by 5.1% in the first quarter. Zevenbergen Capital Investments LLC now owns 10,250 shares of the company's stock worth $255,000 after purchasing an additional 500 shares during the last quarter. GAMMA Investing LLC increased its position in Xometry by 160.1% in the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after purchasing an additional 618 shares during the last quarter. State of Wyoming increased its position in Xometry by 8.2% in the fourth quarter. State of Wyoming now owns 8,876 shares of the company's stock worth $379,000 after purchasing an additional 676 shares during the last quarter. Finally, Comerica Bank increased its position in Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after purchasing an additional 749 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Trading Up 5.2%

XMTR traded up $2.45 during trading on Thursday, hitting $49.16. 865,074 shares of the stock were exchanged, compared to its average volume of 744,886. The firm has a 50 day simple moving average of $39.60 and a 200 day simple moving average of $32.25. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -39.97 and a beta of 0.87. Xometry, Inc. has a 1 year low of $16.11 and a 1 year high of $51.68. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.85 and a current ratio of 3.91.

Xometry (NASDAQ:XMTR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.05 by $0.04. The company had revenue of $162.55 million for the quarter, compared to the consensus estimate of $156.53 million. Xometry had a negative return on equity of 6.79% and a negative net margin of 10.20%.Xometry's quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS. Xometry has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Xometry, Inc. will post -0.66 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XMTR shares. JPMorgan Chase & Co. boosted their price target on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. JMP Securities lifted their target price on Xometry from $45.00 to $50.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. The Goldman Sachs Group lifted their target price on Xometry from $33.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. UBS Group increased their price target on Xometry from $35.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Citigroup reissued an "outperform" rating on shares of Xometry in a research note on Friday, July 11th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.44.

Insiders Place Their Bets

In other news, CFO James Miln sold 598 shares of Xometry stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $50.25, for a total value of $30,049.50. Following the transaction, the chief financial officer directly owned 144,115 shares in the company, valued at approximately $7,241,778.75. This trade represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Randolph Altschuler sold 9,332 shares of Xometry stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total value of $302,263.48. Following the completion of the transaction, the chief executive officer owned 319,602 shares in the company, valued at $10,351,908.78. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.66% of the company's stock.

Xometry Company 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.