Wellington Management Group LLP Sells 124,168 Shares of Xometry, Inc. $XMTR

Key Points

• Wellington Management Group LLP reduced its holdings in Xometry, Inc. by 22.2%, bringing its total to 435,976 shares worth approximately $10.87 million.
• Several other institutional investors have significantly increased their stakes in Xometry, with GAMMA Investing LLC's holdings soaring by 160.1% during the same quarter.
• Wall Street analysts have raised their price targets for Xometry, with recent ratings suggesting a consensus of "Moderate Buy" and an average price target of $40.44.

Wellington Management Group LLP decreased its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 22.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 435,976 shares of the company's stock after selling 124,168 shares during the period. Wellington Management Group LLP owned about 0.87% of Xometry worth $10,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XMTR. Mariner LLC acquired a new position in Xometry in the 4th quarter worth approximately $490,000. Dimensional Fund Advisors LP boosted its stake in Xometry by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 528,194 shares of the company's stock worth $22,537,000 after purchasing an additional 28,892 shares during the period. MetLife Investment Management LLC boosted its stake in Xometry by 5.0% in the 4th quarter. MetLife Investment Management LLC now owns 26,086 shares of the company's stock worth $1,113,000 after purchasing an additional 1,241 shares during the period. Hsbc Holdings PLC acquired a new position in Xometry in the 4th quarter worth approximately $234,000. Finally, Northern Trust Corp boosted its stake in Xometry by 11.1% in the 4th quarter. Northern Trust Corp now owns 408,419 shares of the company's stock worth $17,423,000 after purchasing an additional 40,889 shares during the period. Institutional investors and hedge funds own 97.31% of the company's stock.

Analyst Upgrades and Downgrades

XMTR has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised shares of Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 price objective for the company in a research note on Tuesday, August 5th. Royal Bank Of Canada increased their target price on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. 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 report on Wednesday, August 6th. 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 report on Wednesday, August 6th. Finally, The Goldman Sachs Group increased their target price on shares of Xometry from $33.00 to $42.00 and gave the stock 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, Xometry presently has an average rating of "Moderate Buy" and an average target price of $40.44.

Xometry Stock Down 0.8%

Shares of Xometry stock traded down $0.41 during midday trading on Friday, reaching $49.48. 444,444 shares of the company's stock traded hands, compared to its average volume of 1,073,769. The company has a market cap of $2.51 billion, a price-to-earnings ratio of -40.23 and a beta of 0.83. The company's 50 day simple moving average is $38.31 and its 200 day simple moving average is $31.90. 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 52 week low of $16.11 and a 52 week high of $51.26.

Xometry (NASDAQ:XMTR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.04. The business had revenue of $162.55 million for 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 revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) EPS. Xometry has set its Q3 2025 guidance at EPS. Equities analysts expect that Xometry, Inc. will post -0.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Xometry

In other news, CEO Randolph Altschuler sold 9,332 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total transaction 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. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.66% of the company's stock.

Xometry 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.