Arkadios Wealth Advisors Makes New Investment 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 acquired a new stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,434 shares of the company's stock, valued at approximately $310,000.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in Xometry by 17.7% during the 4th quarter. LPL Financial LLC now owns 28,880 shares of the company's stock worth $1,232,000 after purchasing an additional 4,343 shares in the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of Xometry during the fourth quarter worth $328,000. Alliancebernstein L.P. lifted its holdings in shares of Xometry by 24.9% during the fourth quarter. Alliancebernstein L.P. now owns 43,190 shares of the company's stock worth $1,842,000 after purchasing an additional 8,610 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Xometry by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock worth $42,861,000 after purchasing an additional 8,974 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in 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 buying an additional 8,970 shares during the period. Institutional investors own 97.31% of the company's stock.

Insider Transactions at Xometry

In other Xometry news, CEO Randolph Altschuler sold 9,332 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total transaction of $302,263.48. Following the transaction, the chief executive officer directly owned 319,602 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 9.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on XMTR. UBS Group upped their price objective on shares of Xometry from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday. The Goldman Sachs Group increased their target price on shares of Xometry from $33.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday. Citigroup reissued an "outperform" rating on shares of Xometry in a research report on Friday, July 11th. Cantor Fitzgerald upgraded shares of Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 target price on the stock in a research note on Tuesday, August 5th. Finally, JMP Securities increased their target price on shares of Xometry from $45.00 to $50.00 and gave the stock a "market outperform" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Xometry has a consensus rating of "Moderate Buy" and an average target price of $40.44.

Xometry Stock Down 3.3%

Xometry stock traded down $1.44 during trading hours on Friday, hitting $41.64. The stock had a trading volume of 945,087 shares, compared to its average volume of 987,712. The company has a quick ratio of 3.70, a current ratio of 3.91 and a debt-to-equity ratio of 1.20. The stock's 50-day moving average price is $34.09 and its 200-day moving average price is $30.59. Xometry, Inc. has a 12-month low of $14.68 and a 12-month high of $47.46. The stock has a market capitalization of $2.11 billion, a P/E ratio of -33.85 and a beta of 0.83.

Xometry (NASDAQ:XMTR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. Xometry had a negative net margin of 10.20% and a negative return on equity of 6.79%. The firm had revenue of $162.55 million during the quarter, compared to analyst estimates of $156.53 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Xometry's revenue for the quarter was up 22.6% on a year-over-year basis. Equities research analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current fiscal year.

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.