Cetera Investment Advisers Invests $426,000 in Xometry, Inc. (NASDAQ:XMTR)

Cetera Investment Advisers purchased a new position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,997 shares of the company's stock, valued at approximately $426,000.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC purchased a new stake in shares of Xometry in the 4th quarter worth about $27,000. Canada Pension Plan Investment Board acquired a new position in Xometry during the fourth quarter worth about $38,000. Comerica Bank lifted its holdings in shares of Xometry by 195.1% in the fourth 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. SBI Securities Co. Ltd. acquired a new stake in shares of Xometry in the fourth quarter valued at approximately $73,000. Finally, Summit Investment Advisors Inc. increased its stake in shares of Xometry by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock worth $190,000 after purchasing an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Buying and Selling at Xometry

In other news, 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 completion of the sale, the director now directly owns 16,146 shares of the company's stock, valued at $333,576.36. The trade was a 11.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Randolph Altschuler sold 9,331 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $25.16, for a total value of $234,767.96. Following the sale, the chief executive officer now owns 328,934 shares of the company's stock, valued at approximately $8,275,979.44. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,496 shares of company stock worth $1,288,659 in the last 90 days. 9.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on Xometry from $45.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. UBS Group increased their price objective on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group boosted their target price on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Citigroup reduced their target price on shares of Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.89.

Xometry Trading Up 0.6%

Xometry stock traded up $0.20 during trading on Friday, hitting $33.07. The company's stock had a trading volume of 607,163 shares, compared to its average volume of 602,557. The stock's fifty day moving average is $27.06 and its 200 day moving average is $31.07. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -31.49 and a beta of 0.71. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59.

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.