Federated Hermes Inc. Has $929,000 Holdings in Xometry, Inc. (NASDAQ:XMTR)

Key Points

• Federated Hermes Inc. significantly increased its stock position in Xometry, Inc. by 264.2%, acquiring a total of 37,271 shares valued at approximately $929,000.
• Wall Street analysts have raised their price targets for Xometry, with Goldman Sachs setting a new target of $42.00 and several other firms upgrading their ratings, indicating strong investor confidence.
• Xometry shares have recently traded down 3.3% to $41.64 despite a year-over-year revenue increase of 22.6%, highlighting fluctuations in stock performance amid growing institutional investment.

Federated Hermes Inc. boosted its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 264.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,271 shares of the company's stock after purchasing an additional 27,036 shares during the period. Federated Hermes Inc. owned approximately 0.07% of Xometry worth $929,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of XMTR. LPL Financial LLC boosted its stake in Xometry by 17.7% during the 4th quarter. LPL Financial LLC now owns 28,880 shares of the company's stock valued at $1,232,000 after acquiring an additional 4,343 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in Xometry during the 4th quarter valued at $328,000. Alliancebernstein L.P. boosted its stake in Xometry by 24.9% during the 4th quarter. Alliancebernstein L.P. now owns 43,190 shares of the company's stock valued at $1,842,000 after acquiring an additional 8,610 shares during the last quarter. Geode Capital Management LLC boosted its stake in Xometry by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock valued at $42,861,000 after acquiring an additional 8,974 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Xometry by 34.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 35,294 shares of the company's stock valued at $1,506,000 after acquiring an additional 8,970 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. UBS Group raised their price target on shares of Xometry from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday. JMP Securities raised their price target on shares of Xometry from $45.00 to $50.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Royal Bank Of Canada raised their price target on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Finally, Cantor Fitzgerald upgraded shares of Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 price target on the stock in a research report on Tuesday, August 5th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Xometry currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.44.

Xometry Price Performance

Shares of XMTR stock traded down $1.44 during midday trading on Friday, reaching $41.64. 945,087 shares of the company were exchanged, compared to its average volume of 987,712. Xometry, Inc. has a 12 month low of $14.68 and a 12 month high of $47.46. The company has a market cap of $2.11 billion, a P/E ratio of -33.85 and a beta of 0.83. The company's 50 day moving average price is $34.09 and its two-hundred day moving average price is $30.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.70 and a current ratio of 3.91.

Xometry (NASDAQ:XMTR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. Xometry had a negative net margin of 10.20% and a negative return on equity of 6.79%. The company had revenue of $162.55 million for the quarter, compared to the consensus estimate of $156.53 million. During the same period in the previous year, the firm earned ($0.01) EPS. Xometry's revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts expect that Xometry, Inc. will post -0.66 earnings per share for the current year.

Insider Activity

In other news, CEO Randolph Altschuler sold 9,332 shares of Xometry stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total value of $302,263.48. Following the transaction, the chief executive officer owned 319,602 shares of the company's stock, valued at $10,351,908.78. The trade was a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 9.66% of the stock is owned by corporate insiders.

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.