Dimensional Fund Advisors LP Has $7 Million Stake in Xometry, Inc. $XMTR

Key Points

• Dimensional Fund Advisors reduced its Xometry stake by 27.4% in the first quarter, selling 64,728 shares and retaining 171,504 shares worth approximately $7.0 million. Institutional investors collectively own 97.31% of the company.
• Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year, and adjusted earnings per share of $0.16, slightly exceeding analyst expectations. Despite the growth, the company posted a negative net margin of 3.82%.
• Analyst sentiment remains mixed: six analysts rate the stock Buy, four Hold, and one Sell, producing a consensus Hold rating and average price target of $101.88. Xometry shares opened at $90.53, while insiders sold 75,496 shares worth about $6.7 million over the last quarter.

Dimensional Fund Advisors LP reduced its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 27.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,504 shares of the company's stock after selling 64,728 shares during the period. Dimensional Fund Advisors LP owned about 0.33% of Xometry worth $7,004,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Comerica Bank raised its position in Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company's stock valued at $62,000 after buying an additional 173 shares during the last quarter. M&T Bank Corp boosted its position in Xometry by 2.1% during the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company's stock worth $510,000 after acquiring an additional 180 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Xometry by 9.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company's stock worth $194,000 after acquiring an additional 290 shares in the last quarter. Mariner LLC grew its stake in shares of Xometry by 3.2% during the 3rd quarter. Mariner LLC now owns 9,844 shares of the company's stock worth $536,000 after acquiring an additional 301 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Xometry by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 74,565 shares of the company's stock valued at $4,434,000 after purchasing an additional 348 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

Insider Activity at Xometry

In other news, CFO James Miln sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $87.92, for a total transaction of $131,880.00. Following the completion of the sale, the chief financial officer owned 177,631 shares in the company, valued at $15,617,317.52. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Randolph Altschuler sold 5,722 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $93.30, for a total value of $533,862.60. Following the transaction, the director owned 428,750 shares in the company, valued at approximately $40,002,375. This trade represents a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 75,496 shares of company stock valued at $6,737,385. Insiders own 9.10% of the company's stock.

Xometry Price Performance

Shares of XMTR opened at $90.53 on Tuesday. The company's 50-day moving average is $90.45 and its 200-day moving average is $68.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The firm has a market capitalization of $4.69 billion, a PE ratio of -150.88 and a beta of 1.30. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $106.08.

Xometry (NASDAQ:XMTR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same quarter in the previous year, the firm posted $0.09 EPS. Xometry's revenue was up 41.1% compared to the same quarter last year. Equities analysts forecast that Xometry, Inc. will post -0.13 EPS for the current year.

Analyst Ratings Changes

XMTR has been the topic of a number of research reports. Wedbush assumed coverage on shares of Xometry in a research report on Thursday, July 16th. They issued an "outperform" rating and a $126.00 price objective on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Xometry in a research report on Friday, May 29th. UBS Group lifted their price target on shares of Xometry from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Citigroup boosted their price target on shares of Xometry from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald increased their price objective on shares of Xometry from $85.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Xometry has a consensus rating of "Hold" and an average price target of $101.88.

About Xometry

Xometry, Inc NASDAQ: XMTR operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

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