13,924 Shares in Xometry, Inc. $XMTR Purchased by Sheets Smith Investment Management

Key Points

• Sheets Smith Investment Management has acquired a new position in Xometry, Inc., purchasing 13,924 shares valued at approximately $347,000 in the first quarter.
• Several other hedge funds have significantly increased their stakes in Xometry, with Federated Hermes Inc. boosting its investment by 264.2% during the same period.
• Wall Street analysts are optimistic about Xometry, with multiple firms recently raising their price targets, resulting in a consensus rating of "Moderate Buy" and a target price of $40.44.

Sheets Smith Investment Management acquired a new stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,924 shares of the company's stock, valued at approximately $347,000.

Several other institutional investors have also added to or reduced their stakes in XMTR. Northern Trust Corp grew its holdings in Xometry by 11.1% during the 4th quarter. Northern Trust Corp now owns 408,419 shares of the company's stock valued at $17,423,000 after buying an additional 40,889 shares in the last quarter. Comerica Bank grew its stake in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after buying an additional 749 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Xometry in the 4th quarter worth $259,000. Cetera Investment Advisers purchased a new position in Xometry in the fourth quarter worth about $426,000. Finally, CoreCap Advisors LLC purchased a new position in shares of Xometry in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Buying and Selling at Xometry

In other Xometry news, CEO Randolph Altschuler sold 9,332 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $32.39, for a total value of $302,263.48. Following the completion of the sale, the chief executive officer directly owned 319,602 shares in the company, valued at $10,351,908.78. This represents a 2.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Miln sold 598 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $50.25, for a total transaction of $30,049.50. Following the completion of the sale, the chief financial officer directly owned 144,115 shares of the company's stock, valued at $7,241,778.75. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. 9.66% of the stock is owned by corporate insiders.

Xometry Price Performance

Shares of XMTR stock traded up $0.69 on Wednesday, reaching $51.85. 224,677 shares of the company were exchanged, compared to its average volume of 716,836. The company has a market cap of $2.63 billion, a price-to-earnings ratio of -42.20 and a beta of 0.87. The business has a 50-day moving average price of $42.31 and a 200 day moving average price of $33.31. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.85 and a current ratio of 3.91. Xometry, Inc. has a 1 year low of $16.26 and a 1 year high of $53.57.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on XMTR shares. Cantor Fitzgerald upgraded Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 target price for the company in a research report on Tuesday, August 5th. UBS Group boosted their target price on shares of Xometry from $35.00 to $40.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, June 3rd. Citigroup reissued an "outperform" rating on shares of Xometry in a research report on Friday, July 11th. Finally, The Goldman Sachs Group boosted their price objective on shares of Xometry from $33.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Xometry currently has a consensus rating of "Moderate Buy" and an average price target of $40.44.

About Xometry

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.