Odyssean LLC Purchases New Stake in Xometry, Inc. $XMTR

Key Points

• Odyssean LLC acquired 15,167 Xometry shares worth approximately $1.46 million in the second quarter. Institutional investors collectively own 97.31% of the company.
• Xometry reported quarterly EPS of $0.16, exceeding estimates by $0.01, while revenue rose 41.1% year over year to $229.28 million. Despite the growth, the company posted a negative net margin of 3.82%.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $108.33, although recent insider sales totaled 55,553 shares valued at about $5.12 million.

Odyssean LLC acquired a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,167 shares of the company's stock, valued at approximately $1,464,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Bank lifted its stake in Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company's stock valued at $62,000 after acquiring an additional 173 shares during the last quarter. M&T Bank Corp raised its position in shares of Xometry by 2.1% during the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company's stock valued at $510,000 after buying an additional 180 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Xometry by 9.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company's stock worth $194,000 after purchasing an additional 290 shares in the last quarter. Mariner LLC increased its holdings in Xometry by 3.2% in the 3rd quarter. Mariner LLC now owns 9,844 shares of the company's stock valued at $536,000 after buying an additional 301 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Xometry by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 74,565 shares of the company's stock worth $4,434,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Transactions at Xometry

In other Xometry news, Director Fabio Rosati sold 8,100 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $91.45, for a total transaction of $740,745.00. Following the transaction, the director owned 93,567 shares of the company's stock, valued at $8,556,702.15. The trade was a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Vaidyanathan Raghavan sold 5,000 shares of the company's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $96.77, for a total transaction of $483,850.00. Following the sale, the chief technology officer directly owned 135,777 shares in the company, valued at $13,139,140.29. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 55,553 shares of company stock valued at $5,116,368. 9.10% of the stock is owned by insiders.

Xometry Trading Down 0.5%

XMTR opened at $92.53 on Friday. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.79 billion, a P/E ratio of -154.21 and a beta of 1.32. The firm's fifty day simple moving average is $91.55 and its 200 day simple moving average is $72.32. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $106.08.

Xometry (NASDAQ:XMTR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The business had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.Xometry's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. As a group, research analysts anticipate that Xometry, Inc. will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

XMTR has been the subject of a number of recent analyst reports. UBS Group raised their price target on Xometry from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Citizens Jmp lifted their price target on Xometry from $75.00 to $100.00 and gave the company a "market outperform" rating in a report on Friday, May 8th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Xometry in a research report on Wednesday, August 26th. Royal Bank Of Canada boosted their target price on shares of Xometry from $85.00 to $100.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group upped their target price on shares of Xometry from $78.00 to $104.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $108.33.

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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