M&T Bank Corp Has $2.07 Million Stock Holdings in Xometry, Inc. $XMTR

Key Points

• M&T Bank increased its stake in Xometry by 314.1% in Q4, adding 26,412 shares to hold 34,822 shares worth about $2.07 million.
• Xometry beat quarterly EPS estimates (reported $0.16 vs. $0.12) and posted revenue of $192.4 million (up 29.5% YoY), yet the company still shows a negative net margin and negative return on equity while trading near $46.44 with a market cap of $2.41 billion.
• Insiders sold 68,090 shares (~$3.03 million) over the last quarter; institutional ownership is high at 97.31% (insiders own 9.66%), and analysts' consensus is a "Hold" with an average target price of $62.00.

M&T Bank Corp increased its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 314.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,822 shares of the company's stock after buying an additional 26,412 shares during the quarter. M&T Bank Corp owned 0.07% of Xometry worth $2,071,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XMTR. Ameriprise Financial Inc. grew its position in Xometry by 54.2% in the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company's stock valued at $107,029,000 after acquiring an additional 690,558 shares during the period. Durable Capital Partners LP bought a new stake in Xometry in the third quarter valued at $36,455,000. Wellington Management Group LLP grew its position in Xometry by 26.3% in the third quarter. Wellington Management Group LLP now owns 947,045 shares of the company's stock valued at $51,586,000 after acquiring an additional 197,297 shares during the period. Invesco Ltd. increased its position in shares of Xometry by 476.1% during the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company's stock worth $8,055,000 after purchasing an additional 197,013 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Xometry by 12.8% during the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company's stock worth $78,616,000 after purchasing an additional 164,278 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Xometry news, Director Emily Rollins sold 1,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $42.02, for a total transaction of $42,020.00. Following the sale, the director owned 15,136 shares of the company's stock, valued at $636,014.72. This represents a 6.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Subir Dutt sold 2,410 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.47, for a total transaction of $104,762.70. Following the sale, the insider directly owned 88,633 shares in the company, valued at approximately $3,852,876.51. This represents a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 68,090 shares of company stock worth $3,032,592. 9.66% of the stock is currently owned by insiders.

Xometry Stock Down 2.5%

Shares of NASDAQ:XMTR opened at $46.44 on Wednesday. Xometry, Inc. has a 12 month low of $24.65 and a 12 month high of $73.87. The company's 50-day moving average price is $43.90 and its two-hundred day moving average price is $53.78. The company has a quick ratio of 3.72, a current ratio of 3.76 and a debt-to-equity ratio of 1.18. The firm has a market cap of $2.41 billion, a P/E ratio of -38.07 and a beta of 0.88.

Xometry (NASDAQ:XMTR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. Xometry had a negative net margin of 8.99% and a negative return on equity of 5.49%. The firm had revenue of $192.40 million for the quarter, compared to analyst estimates of $183.37 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company's revenue was up 29.5% on a year-over-year basis. As a group, research analysts forecast that Xometry, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. William Blair reiterated an "outperform" rating on shares of Xometry in a research report on Tuesday, February 24th. UBS Group increased their target price on shares of Xometry from $54.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Xometry in a research report on Wednesday, January 21st. Royal Bank Of Canada dropped their target price on shares of Xometry from $64.00 to $55.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 25th. Finally, Citigroup dropped their target price on shares of Xometry from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $62.00.

Xometry Company 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.

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