Empowered Funds LLC Takes Position in Xometry, Inc. $XMTR

Key Points

• Empowered Funds LLC acquired 28,153 Xometry shares worth approximately $1.15 million, while institutional investors collectively owned 97.31% of the company.
• Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year and above analyst expectations; adjusted earnings of $0.16 per share also exceeded estimates.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $101.88, while insiders have sold nearly 82,000 shares worth $7.26 million over the past 90 days.

Empowered Funds LLC purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,153 shares of the company's stock, valued at approximately $1,150,000. Empowered Funds LLC owned approximately 0.05% of Xometry at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Comerica Bank raised its holdings in shares of Xometry by 17.9% in the third 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 increased its position in Xometry by 2.1% in the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company's stock valued at $510,000 after acquiring an additional 180 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Xometry by 9.7% in the fourth 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 during the last quarter. Mariner LLC lifted its position in shares of Xometry by 3.2% during the third quarter. Mariner LLC now owns 9,844 shares of the company's stock worth $536,000 after purchasing an additional 301 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Xometry by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 74,565 shares of the company's stock worth $4,434,000 after purchasing an additional 348 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Price Performance

XMTR opened at $93.14 on Friday. The company has a fifty day moving average price of $90.54 and a two-hundred day moving average price of $68.38. The firm has a market capitalization of $4.83 billion, a PE ratio of -155.23 and a beta of 1.29. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $106.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.76 and a current ratio of 3.21.

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

Insider Buying and Selling at Xometry

In related news, CFO James Miln sold 2,392 shares of the firm's stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $93.29, for a total transaction of $223,149.68. Following the sale, the chief financial officer owned 179,131 shares of the company's stock, valued at approximately $16,711,130.99. This trade represents a 1.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Subir Dutt sold 5,000 shares of Xometry stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $79.86, for a total value of $399,300.00. Following the transaction, the insider owned 104,732 shares in the company, valued at approximately $8,363,897.52. This represents a 4.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 81,996 shares of company stock worth $7,256,220 over the last ninety days. 9.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wedbush initiated coverage on shares of Xometry in a report on Thursday, July 16th. They issued an "outperform" rating and a $126.00 price target for the company. Citigroup upped their price objective on Xometry from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a research report on Wednesday. UBS Group lifted their target price on Xometry from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Royal Bank Of Canada boosted their target price on Xometry from $85.00 to $100.00 and gave the stock a "sector perform" rating in a research report on Wednesday. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $101.88.

Xometry Profile

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.

Want to see what other hedge funds are holding XMTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xometry, Inc. (NASDAQ:XMTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source