GAMMA Investing LLC Grows Holdings in Xometry, Inc. (NASDAQ:XMTR)

GAMMA Investing LLC boosted its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 6,381.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,020 shares of the company's stock after buying an additional 24,634 shares during the quarter. GAMMA Investing LLC's holdings in Xometry were worth $623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of Xometry in the fourth quarter valued at about $27,000. Canada Pension Plan Investment Board purchased a new stake in shares of Xometry during the fourth quarter worth about $38,000. Comerica Bank increased its stake in shares of Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after purchasing an additional 749 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Xometry during the fourth quarter worth about $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Xometry during the fourth quarter worth about $73,000. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Price Performance

XMTR traded down $0.40 on Friday, reaching $32.45. 748,567 shares of the company's stock were exchanged, compared to its average volume of 620,536. The stock has a market cap of $1.64 billion, a PE ratio of -32.78 and a beta of 0.84. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $45.33. The stock's fifty day moving average price is $30.19 and its 200-day moving average price is $31.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.74 and a quick ratio of 3.70.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Citigroup cut their target price on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group boosted their target price on shares of Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. UBS Group boosted their target price on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $35.78.

Insider Buying and Selling

In other Xometry news, CFO James Miln sold 1,346 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total value of $33,824.98. Following the transaction, the chief financial officer now directly owns 144,713 shares in the company, valued at $3,636,637.69. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Emily Rollins sold 10,041 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $30.70, for a total transaction of $308,258.70. Following the completion of the transaction, the director now owns 11,105 shares in the company, valued at $340,923.50. The trade was a 47.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,658 shares of company stock worth $641,813. 9.66% of the stock is owned by 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.