Xometry, Inc. (NASDAQ:XMTR) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC trimmed its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 75.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,080 shares of the company's stock after selling 157,335 shares during the quarter. Lisanti Capital Growth LLC owned 0.10% of Xometry worth $1,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP lifted its stake 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 during the period. Ameriprise Financial Inc. raised its holdings in shares of Xometry by 225.7% in the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock valued at $36,381,000 after purchasing an additional 590,974 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Xometry in the 4th quarter worth approximately $17,623,000. Driehaus Capital Management LLC purchased a new stake in shares of Xometry in the 4th quarter worth approximately $16,551,000. Finally, Polar Capital Holdings Plc bought a new position in shares of Xometry during the fourth quarter valued at approximately $14,070,000. Institutional investors own 97.31% of the company's stock.

Xometry Stock Down 0.5%

Xometry stock traded down $0.16 during midday trading on Wednesday, reaching $32.67. The company's stock had a trading volume of 486,020 shares, compared to its average volume of 608,611. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.74 and a quick ratio of 3.70. The stock has a market capitalization of $1.66 billion, a P/E ratio of -33.00 and a beta of 0.83. The stock's 50-day simple moving average is $31.75 and its 200-day simple moving average is $31.31. Xometry, Inc. has a 52-week low of $11.25 and a 52-week high of $45.33.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective 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. Royal Bank Of Canada lifted their price target on Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Cantor Fitzgerald lifted their target price on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Wednesday, May 7th. Finally, UBS Group increased their price target on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.78.

Insider Buying and Selling

In other news, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction on 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 sale, the director directly owned 11,105 shares in the company, valued at approximately $340,923.50. The trade was a 47.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.66% of the stock is owned by company insiders.

Xometry Company 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.