Blair William & Co. IL Cuts Stock Holdings in 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 trimmed its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 255,777 shares of the company's stock after selling 12,479 shares during the quarter. Blair William & Co. IL owned about 0.51% of Xometry worth $6,374,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in Xometry by 160.1% during the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after buying an additional 618 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Xometry in the 4th quarter valued at approximately $38,000. CWM LLC boosted its stake in shares of Xometry by 825.6% in the 1st quarter. CWM LLC now owns 1,555 shares of the company's stock valued at $39,000 after purchasing an additional 1,387 shares in the last quarter. Comerica Bank boosted its stake in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after purchasing an additional 749 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Xometry in the 4th quarter valued at approximately $51,000. 97.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JMP Securities raised their price target on shares of Xometry from $45.00 to $50.00 and gave the company a "market outperform" rating in a research note on Wednesday. The Goldman Sachs Group lifted their target price on shares of Xometry from $33.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday. 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 report on Tuesday. UBS Group lifted their target price on shares of Xometry from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Royal Bank Of Canada lifted their target price on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $40.44.

Xometry Trading Down 3.3%

Shares of NASDAQ:XMTR traded down $1.44 during mid-day trading on Friday, hitting $41.64. The company had a trading volume of 945,087 shares, compared to its average volume of 987,712. The firm has a fifty day moving average price of $34.09 and a 200 day moving average price of $30.61. The company has a market capitalization 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 current ratio of 3.91 and a quick ratio of 3.70. 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 released its quarterly earnings data on Tuesday, August 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $162.55 million during the quarter, compared to analyst estimates of $156.53 million. Xometry had a negative net margin of 10.20% and a negative return on equity of 6.79%. Xometry's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. As a group, research analysts forecast that Xometry, Inc. will post -0.66 EPS for the current year.

Insider Buying and Selling at Xometry

In other Xometry news, CEO Randolph Altschuler sold 9,332 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total transaction of $302,263.48. Following the completion of the sale, the chief executive officer owned 319,602 shares in the company, valued at approximately $10,351,908.78. The trade was a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.66% of the stock is owned by corporate insiders.

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.