Xometry, Inc. (NASDAQ:XMTR) Stake Lowered by Bellecapital International Ltd.

Bellecapital International Ltd. lessened its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 516,512 shares of the company's stock after selling 13,765 shares during the quarter. Xometry makes up about 2.5% of Bellecapital International Ltd.'s investment portfolio, making the stock its 15th biggest position. Bellecapital International Ltd. owned 1.03% of Xometry worth $12,871,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in XMTR. Allspring Global Investments Holdings LLC raised its position in shares of Xometry by 1.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company's stock worth $9,120,000 after buying an additional 2,375 shares during the period. Legato Capital Management LLC acquired a new stake in Xometry in the 4th quarter valued at $1,599,000. Rhumbline Advisers increased its holdings in Xometry by 5.7% in the 4th quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock valued at $2,533,000 after purchasing an additional 3,180 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in Xometry in the 4th quarter valued at $30,297,000. Finally, Principal Financial Group Inc. acquired a new stake in Xometry in the 4th quarter valued at $1,258,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Trading Down 6.2%

NASDAQ XMTR traded down $1.98 on Friday, hitting $30.16. 729,342 shares of the stock were exchanged, compared to its average volume of 617,983. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -28.72 and a beta of 0.84. The company's 50-day moving average price is $29.11 and its two-hundred day moving average price is $31.31.

Insiders Place Their Bets

In other news, CEO Randolph Altschuler sold 9,331 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $25.16, for a total transaction of $234,767.96. Following the transaction, the chief executive officer now directly owns 328,934 shares in the company, valued at $8,275,979.44. The trade was a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Emily Rollins sold 2,000 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the transaction, the director now owns 16,146 shares in the company, valued at approximately $333,576.36. This represents a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,644 shares of company stock worth $666,660. Corporate insiders own 9.66% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their price target on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Citigroup lowered their target price on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. UBS Group raised their target price on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, June 3rd. Finally, Royal Bank of Canada lifted their price target on Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $35.78.

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.