49 Wealth Management LLC bought a new stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,475 shares of the company's stock, valued at approximately $319,000.
Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of Xometry by 5.7% in the fourth quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock valued at $2,533,000 after acquiring an additional 3,180 shares in the last quarter. Truist Financial Corp bought a new position in shares of Xometry in the fourth quarter valued at approximately $225,000. Principal Financial Group Inc. bought a new position in shares of Xometry in the fourth quarter valued at approximately $1,258,000. Envestnet Asset Management Inc. grew its holdings in shares of Xometry by 34.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 35,294 shares of the company's stock valued at $1,506,000 after acquiring an additional 8,970 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Xometry by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,156 shares of the company's stock valued at $15,620,000 after acquiring an additional 11,307 shares in the last quarter. 97.31% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
XMTR has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Cantor Fitzgerald upped their target price on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. Royal Bank of Canada increased their price objective on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. The Goldman Sachs Group increased their price objective on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Citigroup reduced their price objective on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.
Check Out Our Latest Report on Xometry
Insiders Place Their Bets
In other Xometry news, Director Emily Rollins sold 10,041 shares of the stock in a transaction 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 sale, the director now owns 11,105 shares in the company, valued at $340,923.50. This represents a 47.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James Miln sold 7,235 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $26.61, for a total value of $192,523.35. Following the sale, the chief financial officer now owns 131,090 shares in the company, valued at approximately $3,488,304.90. This represents a 5.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,297 shares of company stock worth $2,214,438 over the last 90 days. Corporate insiders own 9.66% of the company's stock.
Xometry Stock Performance
NASDAQ XMTR traded up $0.09 on Friday, hitting $33.49. 388,439 shares of the stock traded hands, compared to its average volume of 599,972. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -31.89 and a beta of 0.71. The business's fifty day moving average is $26.31 and its two-hundred day moving average is $30.98. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.
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.
Further Reading
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