Cetera Investment Advisers Buys Shares of 9,997 Xometry, Inc. (NASDAQ:XMTR)

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XMTR. Global Retirement Partners LLC bought a new stake in Xometry in the fourth quarter worth $27,000. Canada Pension Plan Investment Board bought a new stake in shares of Xometry in the fourth quarter valued at about $38,000. Comerica Bank grew its stake in 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 during the last quarter. SBI Securities Co. Ltd. purchased a new position in Xometry in the fourth quarter valued at about $73,000. Finally, Summit Investment Advisors Inc. grew its stake in Xometry by 8.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock valued at $190,000 after purchasing an additional 333 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Xometry

In related news, CEO Randolph Altschuler sold 9,331 shares of the 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 completion of the transaction, the chief executive officer now owns 328,934 shares in the company, valued at $8,275,979.44. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Emily Rollins sold 2,000 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares of the company's stock, valued at $333,576.36. This trade represents a 11.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,496 shares of company stock valued at $1,288,659 in the last three months. Corporate insiders own 9.66% of the company's stock.

Xometry Price Performance

XMTR stock traded down $0.52 during trading on Monday, hitting $32.63. The stock had a trading volume of 407,270 shares, compared to its average volume of 602,311. The company's 50 day moving average price is $27.18 and its two-hundred day moving average price is $31.10. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -31.08 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.

Wall Street Analyst Weigh In

XMTR has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Cantor Fitzgerald upped their target price on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. The Goldman Sachs Group increased their price target on Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, UBS Group increased their price target on Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.89.

Xometry Company 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.