Lord Abbett & CO. LLC Decreases Stock Holdings in Xometry, Inc. $XMTR

Key Points

• Lord Abbett & CO. LLC has reduced its stake in Xometry, Inc. by 32%, selling 132,142 shares and now holding approximately 280,956 shares worth $7 million.
• Analysts show positive sentiment towards Xometry, with upgrades from firms like Goldman Sachs increasing the price target to $42 and giving the stock a "buy" rating.
• Xometry reported strong quarterly earnings, with a revenue increase of 22.6% year-over-year and EPS of $0.09, surpassing expectations.

Lord Abbett & CO. LLC trimmed its holdings in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 32.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 280,956 shares of the company's stock after selling 132,142 shares during the quarter. Lord Abbett & CO. LLC owned 0.56% of Xometry worth $7,001,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Xometry by 2.8% in the first quarter. Vanguard Group Inc. now owns 4,413,337 shares of the company's stock valued at $109,980,000 after purchasing an additional 120,065 shares during the last quarter. Sylebra Capital LLC boosted its stake in shares of Xometry by 2.1% during the 4th quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company's stock worth $78,270,000 after acquiring an additional 37,883 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Xometry by 4.4% during the 1st quarter. New York State Common Retirement Fund now owns 942,088 shares of the company's stock worth $23,477,000 after acquiring an additional 39,480 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Xometry by 225.7% during the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock worth $36,381,000 after acquiring an additional 590,974 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Xometry by 2,144.2% during the 4th 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 in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Price Performance

XMTR stock traded down $1.20 during mid-day trading on Wednesday, reaching $44.53. The company's stock had a trading volume of 676,078 shares, compared to its average volume of 716,840. The stock has a market cap of $2.26 billion, a PE ratio of -36.20 and a beta of 0.83. The company has a current ratio of 3.91, a quick ratio of 3.85 and a debt-to-equity ratio of 1.20. Xometry, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $48.60. The company's 50 day moving average is $35.77 and its two-hundred day moving average is $31.22.

Xometry (NASDAQ:XMTR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.04. The company had revenue of $162.55 million during the quarter, compared to the consensus estimate of $156.53 million. Xometry had a negative net margin of 10.20% and a negative return on equity of 6.79%. Xometry's quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS. Xometry has set its Q3 2025 guidance at EPS. Equities research analysts expect that Xometry, Inc. will post -0.66 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on XMTR. Citigroup reissued an "outperform" rating on shares of Xometry in a research note on Friday, July 11th. UBS Group increased their target price on shares of Xometry from $35.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. increased 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. JMP Securities increased their target price on shares of Xometry from $45.00 to $50.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Finally, Cantor Fitzgerald upgraded shares of Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 price target for the company in a research report on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.44.

Insider Buying and Selling

In other Xometry news, CEO Randolph Altschuler sold 9,332 shares of the firm's 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 completion of the transaction, the chief executive officer owned 319,602 shares of the company's stock, valued at $10,351,908.78. This trade represents a 2.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 9.66% of the stock is owned by corporate 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.