Arkadios Wealth Advisors Invests $310,000 in Xometry, Inc. (NASDAQ:XMTR)

Key Points

• Arkadios Wealth Advisors has acquired 12,434 shares of Xometry, Inc. for approximately $310,000 during the first quarter, indicating growing institutional interest in the company.
• Xometry has received positive ratings from several analysts, including an increase to a $50.00 target price and a "market outperform" rating from JMP Securities.
• Despite recent sales by insiders, with the CEO and a director selling significant shares, insiders still retain 9.66% of the company's stock.

Arkadios Wealth Advisors 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 12,434 shares of the company's stock, valued at approximately $310,000.

A number of other large investors also recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. lifted its holdings in Xometry by 8.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock worth $190,000 after purchasing an additional 333 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Xometry by 160.1% during the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after acquiring an additional 618 shares in the last quarter. State of Wyoming raised its holdings in shares of Xometry by 8.2% during the 4th quarter. State of Wyoming now owns 8,876 shares of the company's stock worth $379,000 after acquiring an additional 676 shares in the last quarter. Comerica Bank raised its holdings in shares of Xometry by 195.1% during the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after acquiring an additional 749 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Xometry during the 4th quarter worth approximately $38,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Xometry news, CEO Randolph Altschuler sold 9,332 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $32.39, for a total value of $302,263.48. Following the transaction, the chief executive officer owned 319,602 shares of the company's stock, valued at $10,351,908.78. This represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.66% of the stock is owned by company insiders.

Xometry Trading Down 3.3%

Xometry stock traded down $1.44 during mid-day trading on Friday, hitting $41.64. The company's stock had a trading volume of 945,087 shares, compared to its average volume of 987,712. The company has a 50 day moving average of $34.09 and a 200-day moving average of $30.61. The stock has a market cap of $2.11 billion, a PE ratio of -33.85 and a beta of 0.83. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.70 and a current ratio of 3.91. Xometry, Inc. has a one year low of $14.68 and a one year high of $47.46.

Xometry (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.09 EPS for the quarter, beating 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 quarter in the prior year, the company posted ($0.01) EPS. On average, research analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JMP Securities upped their price objective on Xometry from $45.00 to $50.00 and gave the stock a "market outperform" rating in a report on Wednesday. UBS Group upped their price objective on Xometry from $35.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday. Cantor Fitzgerald raised Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 price objective on the stock in a report on Tuesday. Citigroup restated an "outperform" rating on shares of Xometry in a report on Friday, July 11th. Finally, Royal Bank Of Canada increased their price target on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.44.

About Xometry

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.