Deutsche Bank AG Grows Position in Xometry, Inc. (NASDAQ:XMTR)

Deutsche Bank AG lifted its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 48.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,330 shares of the company's stock after purchasing an additional 12,109 shares during the quarter. Deutsche Bank AG owned about 0.08% of Xometry worth $1,592,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of XMTR. Vanguard Group Inc. raised its position in Xometry by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock worth $183,151,000 after acquiring an additional 86,997 shares in the last quarter. Geode Capital Management LLC raised its position in Xometry by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock worth $42,861,000 after acquiring an additional 8,974 shares in the last quarter. Ameriprise Financial Inc. raised its position in Xometry by 225.7% in the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock worth $36,381,000 after acquiring an additional 590,974 shares in the last quarter. First Trust Advisors LP raised its position in Xometry by 2,144.2% in the fourth quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock worth $34,873,000 after acquiring an additional 781,049 shares in the last quarter. Finally, Baillie Gifford & Co. purchased a new position in Xometry in the fourth quarter worth $30,297,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Xometry Price Performance

Shares of XMTR traded up $1.58 during trading hours on Tuesday, reaching $35.07. 539,761 shares of the company traded hands, compared to its average volume of 599,731. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.76 billion, a PE ratio of -33.40 and a beta of 0.71. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The stock has a fifty day simple moving average of $26.46 and a 200 day simple moving average of $31.00.

Insider Activity at Xometry

In other Xometry news, Director Emily Rollins sold 10,041 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $30.70, for a total value of $308,258.70. Following the sale, the director now directly owns 11,105 shares of the company's stock, valued at approximately $340,923.50. This trade represents a 47.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Randolph Altschuler sold 27,566 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the completion of the sale, the chief executive officer now directly owns 256,570 shares in the company, valued at approximately $6,824,762. The trade was a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,297 shares of company stock valued at $2,214,438 over the last quarter. Insiders own 9.66% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on XMTR shares. Citigroup lowered their target price on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. JMP Securities reissued a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a report on Monday, February 10th. The Goldman Sachs Group upped their target price on Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 8th. UBS Group upped their target price on Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, 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 report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Xometry currently has an average rating of "Moderate Buy" and a consensus price target of $34.89.

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.