Blair William & Co. IL Sells 12,479 Shares of Xometry, Inc. (NASDAQ:XMTR)

Key Points

• Blair William & Co. IL reduced its stake in Xometry, Inc. by 4.7%, owning approximately 0.51% of the company valued at $6.37 million.
• Institutional investors hold a significant majority of Xometry, with 97.31% of the stock owned by hedge funds and other entities.
• Xometry's stock has experienced fluctuations, with the latest reported earnings showing a 22.6% increase in revenue year-over-year, while analysts maintain a consensus price target of $40.44 for the stock.

Blair William & Co. IL decreased its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,777 shares of the company's stock after selling 12,479 shares during the period. Blair William & Co. IL owned about 0.51% of Xometry worth $6,374,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of XMTR. Federated Hermes Inc. raised its holdings in Xometry by 264.2% during the 1st quarter. Federated Hermes Inc. now owns 37,271 shares of the company's stock valued at $929,000 after acquiring an additional 27,036 shares during the period. State of Wyoming grew its position in shares of Xometry by 8.2% in the fourth quarter. State of Wyoming now owns 8,876 shares of the company's stock valued at $379,000 after purchasing an additional 676 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Xometry during the 1st quarter valued at $420,000. GAMMA Investing LLC lifted its holdings in Xometry by 6,381.9% during the 1st quarter. GAMMA Investing LLC now owns 25,020 shares of the company's stock worth $623,000 after purchasing an additional 24,634 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Xometry by 259.0% in the 1st quarter. SG Americas Securities LLC now owns 50,035 shares of the company's stock worth $1,247,000 after purchasing an additional 36,097 shares during the period. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Activity

In related news, CEO Randolph Altschuler sold 9,332 shares of Xometry stock in a transaction on Wednesday, July 2nd. The shares were 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 in the company, valued at $10,351,908.78. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.66% of the company's stock.

Xometry Price Performance

NASDAQ XMTR traded down $1.44 during trading hours on Friday, reaching $41.64. 945,087 shares of the stock traded hands, compared to its average volume of 987,712. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.91 and a quick ratio of 3.70. The stock has a 50 day simple moving average of $34.09 and a two-hundred day simple moving average of $30.59. Xometry, Inc. has a 1 year low of $14.68 and a 1 year high of $47.46. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -33.85 and a beta of 0.83.

Xometry (NASDAQ:XMTR - Get Free Report) last released 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 return on equity of 6.79% and a negative net margin of 10.20%. The company had revenue of $162.55 million during the quarter, compared to the consensus estimate of $156.53 million. During the same quarter in the previous year, the company posted ($0.01) EPS. Xometry's quarterly revenue was up 22.6% compared to the same quarter last year. On average, analysts predict that Xometry, Inc. will post -0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on XMTR shares. Citigroup reiterated an "outperform" rating on shares of Xometry in a research report on Friday, July 11th. JMP Securities upped their target price on shares of Xometry from $45.00 to $50.00 and gave the stock a "market outperform" rating in a report on Wednesday. Royal Bank Of Canada boosted their price target on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Cantor Fitzgerald upgraded Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 price objective on the stock in a research report on Tuesday, August 5th. Finally, UBS Group boosted their target price on Xometry from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.