Bellecapital International Ltd. Lowers Stock Holdings in Xometry, Inc. $XMTR

Key Points

• Bellecapital International Ltd. reduced its position in Xometry by 44.4% in Q4, selling 228,450 shares and leaving 285,900 shares (about 0.56% of Xometry) valued at roughly $17.0M, making XMTR its 12th-largest holding.
• Corporate insiders have been net sellers recently—67,491 shares (~$3.0M) were sold in the past 90 days, including director Emily Rollins (1,000 shares) and Subir Dutt (2,410 shares).
• Xometry posted Q4 revenue of $192.4M, up 29.5% year-over-year and beat EPS estimates ($0.16 vs. $0.12), but remains unprofitable and has a MarketBeat consensus rating of "Hold" with a $62.25 price target.

Bellecapital International Ltd. reduced its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 285,900 shares of the company's stock after selling 228,450 shares during the period. Xometry comprises about 3.0% of Bellecapital International Ltd.'s holdings, making the stock its 12th largest holding. Bellecapital International Ltd. owned about 0.56% of Xometry worth $17,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Xometry during the third quarter worth $30,000. GAMMA Investing LLC boosted its position in shares of Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company's stock worth $46,000 after buying an additional 162 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Xometry during the third quarter worth $47,000. Comerica Bank boosted its position in shares of Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company's stock worth $62,000 after buying an additional 173 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Xometry by 283.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the company's stock valued at $82,000 after acquiring an additional 1,115 shares in the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Xometry news, Director Emily Rollins sold 1,000 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $42.02, for a total value of $42,020.00. Following the sale, the director directly owned 15,136 shares in the company, valued at $636,014.72. This trade represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Subir Dutt sold 2,410 shares of the firm's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $43.47, for a total value of $104,762.70. Following the completion of the sale, the insider owned 88,633 shares in the company, valued at approximately $3,852,876.51. This represents a 2.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 67,491 shares of company stock valued at $2,997,263 over the last 90 days. 9.66% of the stock is currently owned by corporate insiders.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $53.67 on Monday. The stock has a market cap of $2.78 billion, a P/E ratio of -43.99 and a beta of 1.01. The company has a current ratio of 3.76, a quick ratio of 3.72 and a debt-to-equity ratio of 1.18. Xometry, Inc. has a 12-month low of $26.52 and a 12-month high of $73.87. The business's fifty day simple moving average is $43.50 and its 200-day simple moving average is $53.77.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.The company had revenue of $192.40 million for the quarter, compared to analysts' expectations of $183.37 million. During the same period last year, the firm earned $0.06 earnings per share. Xometry's quarterly revenue was up 29.5% on a year-over-year basis. As a group, equities analysts predict that Xometry, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Zacks Research upgraded Xometry from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Cantor Fitzgerald upgraded Xometry from a "neutral" rating to an "overweight" rating and set a $62.00 price objective on the stock in a research note on Thursday. UBS Group increased their price objective on Xometry from $54.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, February 25th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Xometry in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reduced their price objective on Xometry from $64.00 to $55.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $62.25.

Xometry Company Profile

Xometry, Inc NASDAQ: XMTR operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

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