New York State Common Retirement Fund Has $23.48 Million Position in Xometry, Inc. (NASDAQ:XMTR)

New York State Common Retirement Fund increased its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 942,088 shares of the company's stock after acquiring an additional 39,480 shares during the period. New York State Common Retirement Fund owned about 1.87% of Xometry worth $23,477,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in XMTR. State of Wyoming grew its position in shares of Xometry by 8.2% in the 4th quarter. State of Wyoming now owns 8,876 shares of the company's stock valued at $379,000 after acquiring an additional 676 shares during the period. Vontobel Holding Ltd. acquired a new stake in Xometry in the 1st quarter worth about $420,000. GAMMA Investing LLC raised its stake in Xometry by 6,381.9% in the 1st quarter. GAMMA Investing LLC now owns 25,020 shares of the company's stock worth $623,000 after purchasing an additional 24,634 shares in the last quarter. SG Americas Securities LLC raised its stake in Xometry by 259.0% in the 1st quarter. SG Americas Securities LLC now owns 50,035 shares of the company's stock worth $1,247,000 after purchasing an additional 36,097 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Xometry in the 4th quarter worth about $259,000. Institutional investors own 97.31% of the company's stock.

Wall Street Analyst Weigh In

XMTR has been the subject of several analyst reports. Cantor Fitzgerald lifted their price objective on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 7th. Citigroup restated an "outperform" rating on shares of Xometry in a research report on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on shares of Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. UBS Group lifted their price target on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Xometry currently has an average rating of "Moderate Buy" and a consensus price target of $35.78.

Insider Buying and Selling

In other news, CEO Randolph Altschuler sold 9,332 shares of the business'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 transaction, the chief executive officer owned 319,602 shares in the company, valued at approximately $10,351,908.78. The trade was a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emily Rollins sold 10,041 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $30.70, for a total transaction of $308,258.70. Following the completion of the transaction, the director owned 11,105 shares in the company, valued at $340,923.50. This trade represents a 47.48% decrease in their position. The disclosure for this sale can be found here. 9.66% of the stock is currently owned by insiders.

Xometry Trading Up 0.5%

XMTR traded up $0.19 during trading on Friday, reaching $35.41. 137,335 shares of the company's stock were exchanged, compared to its average volume of 616,730. The stock has a market capitalization of $1.79 billion, a PE ratio of -35.77 and a beta of 0.83. Xometry, Inc. has a one year low of $11.33 and a one year high of $45.33. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average price of $33.50 and a two-hundred day moving average price of $30.82.

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.