49 Wealth Management LLC purchased a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,475 shares of the company's stock, valued at approximately $319,000.
Several other large investors have also recently modified their holdings of XMTR. Global Retirement Partners LLC purchased a new position in shares of Xometry in the 4th quarter worth about $27,000. Canada Pension Plan Investment Board purchased a new position in Xometry in the 4th quarter worth approximately $38,000. Comerica Bank raised its holdings in 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 during the last quarter. CoreCap Advisors LLC purchased a new position in Xometry in the 4th quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new position in Xometry in the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 97.31% of the company's stock.
Xometry Stock Performance
Xometry stock traded up $1.37 during trading on Tuesday, reaching $34.86. The company had a trading volume of 122,534 shares, compared to its average volume of 598,197. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The firm's 50-day simple moving average is $26.46 and its 200 day simple moving average is $31.00. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -33.31 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.
Insider Buying and Selling
In related news, Director Emily Rollins sold 10,041 shares of the 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 completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Randolph Altschuler sold 27,566 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares in the company, valued at $6,824,762. The trade was a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,297 shares of company stock valued at $2,214,438. 9.66% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have weighed in on XMTR. Citigroup decreased their target price on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Cantor Fitzgerald boosted their target price on Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group boosted their target price on Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. JMP Securities reiterated a "market outperform" rating and set a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One investment 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. Based on data from MarketBeat.com, Xometry presently has a consensus rating of "Moderate Buy" and an average price target of $34.89.
Check Out Our Latest Stock Report on Xometry
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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