UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in Xometry, Inc. (NASDAQ:XMTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 88.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,238 shares of the company's stock after selling 495,709 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Xometry worth $2,868,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XMTR. Global Retirement Partners LLC purchased a new stake in shares of Xometry in the 4th quarter valued at about $27,000. Canada Pension Plan Investment Board acquired a new position in Xometry during the fourth quarter worth approximately $38,000. Comerica Bank lifted its stake in Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after buying an additional 749 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in Xometry in the fourth quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Xometry in the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Buying and Selling at Xometry

In other Xometry news, CFO James Miln sold 1,346 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total value of $33,824.98. Following the completion of the sale, the chief financial officer now owns 144,713 shares of the company's stock, valued at approximately $3,636,637.69. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emily Rollins sold 2,000 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares of the company's stock, valued at $333,576.36. This represents a 11.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,644 shares of company stock valued at $666,660. 9.66% of the stock is owned by corporate insiders.

Xometry Stock Performance

Shares of XMTR stock traded down $0.55 during mid-day trading on Monday, hitting $36.20. The stock had a trading volume of 271,164 shares, compared to its average volume of 601,769. The firm has a market cap of $1.83 billion, a PE ratio of -34.48 and a beta of 0.84. The company's 50-day simple moving average is $27.94 and its 200-day simple moving average is $31.24. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Xometry from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. Royal Bank of Canada lifted their price objective on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $42.00 target price on shares of Xometry in a report on Monday, February 10th. UBS Group increased their target price on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group raised their price target on Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.78.

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.