Nuveen Asset Management LLC Has $22.43 Million Stock Position in Xometry, Inc. (NASDAQ:XMTR)

Nuveen Asset Management LLC raised its position in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 525,867 shares of the company's stock after acquiring an additional 8,589 shares during the period. Nuveen Asset Management LLC owned about 1.06% of Xometry worth $22,433,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Xometry by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock valued at $183,151,000 after acquiring an additional 86,997 shares in the last quarter. Geode Capital Management LLC lifted its stake in Xometry by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock valued at $42,861,000 after acquiring an additional 8,974 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Xometry by 225.7% during the 4th quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company's stock worth $36,381,000 after purchasing an additional 590,974 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Xometry by 2,144.2% during the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock worth $34,873,000 after purchasing an additional 781,049 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new stake in shares of Xometry during the 4th quarter worth approximately $30,297,000. Institutional investors own 97.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XMTR. The Goldman Sachs Group upped their price objective on Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. UBS Group upped their price objective on Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Royal Bank of Canada upped their price objective on Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. JMP Securities reiterated a "market outperform" rating and set a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Finally, Cantor Fitzgerald upped their price objective on Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Xometry currently has an average rating of "Moderate Buy" and an average target price of $34.89.

Xometry Stock Performance

Shares of XMTR stock traded up $1.58 during trading on Tuesday, reaching $35.07. 539,761 shares of the company's stock were exchanged, compared to its average volume of 599,731. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.76 billion, a PE ratio of -33.40 and a beta of 0.71. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $45.33. The firm's fifty day moving average price is $26.46 and its 200-day moving average price is $31.00.

Insider Transactions at Xometry

In other Xometry news, Director Emily Rollins sold 10,041 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $30.70, for a total value of $308,258.70. Following the completion of the transaction, the director now directly owns 11,105 shares in the company, valued at approximately $340,923.50. This trade represents a 47.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Miln sold 7,235 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.61, for a total value of $192,523.35. Following the completion of the sale, the chief financial officer now directly owns 131,090 shares of the company's stock, valued at approximately $3,488,304.90. The trade was a 5.23% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,297 shares of company stock valued at $2,214,438. 9.66% of the stock is owned by corporate insiders.

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.