ProShare Advisors LLC Buys New Holdings in Xometry, Inc. (NASDAQ:XMTR)

ProShare Advisors LLC acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,970 shares of the company's stock, valued at approximately $511,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Xometry by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock worth $183,151,000 after acquiring an additional 86,997 shares during the period. Geode Capital Management LLC boosted its stake in shares of Xometry by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock worth $42,861,000 after acquiring an additional 8,974 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Xometry by 225.7% during the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock valued at $36,381,000 after buying an additional 590,974 shares in the last quarter. First Trust Advisors LP raised its stake in Xometry by 2,144.2% during the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock valued at $34,873,000 after purchasing an additional 781,049 shares during the period. Finally, Baillie Gifford & Co. acquired a new stake in Xometry during the 4th quarter worth about $30,297,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Xometry news, CFO James Miln sold 25,852 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.06, for a total value of $621,999.12. Following the completion of the transaction, the chief financial officer now owns 105,238 shares of the company's stock, valued at approximately $2,532,026.28. This trade represents a 19.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $30.70, for a total value of $308,258.70. Following the sale, the director now directly owns 11,105 shares of the company's stock, valued at $340,923.50. This trade represents a 47.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,496 shares of company stock valued at $1,288,659. 9.66% of the stock is currently owned by corporate insiders.

Xometry Stock Performance

Shares of XMTR stock traded up $0.20 during trading on Friday, reaching $33.07. 607,163 shares of the company's stock traded hands, compared to its average volume of 603,095. The firm's 50-day moving average is $27.06 and its 200 day moving average is $31.07. 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, Inc. has a 1 year low of $11.08 and a 1 year high of $45.33. The company has a market capitalization of $1.68 billion, a P/E ratio of -31.49 and a beta of 0.71.

Analyst Ratings Changes

Several equities research analysts recently issued reports on XMTR shares. The Goldman Sachs Group lifted their price objective on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Citigroup reduced 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. Royal Bank of Canada lifted their target price on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Cantor Fitzgerald upped their target price on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. Finally, UBS Group lifted their price objective on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $34.89.

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.