Driehaus Capital Management LLC Acquires 111,918 Shares of Xometry, Inc. $XMTR

Key Points

• Driehaus Capital Management LLC increased its stake in Xometry, Inc. by 28.8% during the first quarter, acquiring a total of 499,891 shares valued at approximately $12.45 million.
• CEO Randolph Altschuler sold 9,332 shares for over $302,000, which represents a 2.84% decrease in his total holdings, now valued at over $10 million.
• Xometry's recent earnings showed a revenue increase of 22.6% year-over-year, with reported earnings per share of $0.09, surpassing analysts' expectations.

Driehaus Capital Management LLC boosted its holdings in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 499,891 shares of the company's stock after purchasing an additional 111,918 shares during the quarter. Driehaus Capital Management LLC owned about 0.99% of Xometry worth $12,457,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Xometry by 160.1% during the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock worth $25,000 after acquiring an additional 618 shares during the period. Comerica Bank raised its stake in shares of Xometry by 195.1% during the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after purchasing an additional 749 shares during the period. CoreCap Advisors LLC purchased a new position in shares of Xometry in the 4th quarter worth about $51,000. CWM LLC grew its position in Xometry by 825.6% during the first quarter. CWM LLC now owns 1,555 shares of the company's stock valued at $39,000 after buying an additional 1,387 shares during the period. Finally, Keystone Global Partners LLC bought a new position in Xometry during the first quarter valued at about $57,000. Institutional investors own 97.31% of the company's stock.

Insider Activity

In related news, CEO Randolph Altschuler sold 9,332 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 319,602 shares in the company, valued at approximately $10,351,908.78. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO James Miln sold 598 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $50.25, for a total transaction of $30,049.50. Following the sale, the chief financial officer directly owned 144,115 shares of the company's stock, valued at approximately $7,241,778.75. The trade was a 0.41% decrease in their position. The disclosure for this sale can be found here. 9.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group lifted their target price on shares of Xometry from $35.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Citigroup reissued an "outperform" rating on shares of Xometry in a report on Friday, July 11th. JMP Securities upped their price target on Xometry from $45.00 to $50.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. Cantor Fitzgerald upgraded shares of Xometry from an "underweight" rating to a "neutral" rating and set a $41.00 price objective for the company in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their target price on shares of Xometry from $32.00 to $36.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.44.

Xometry Trading Up 5.1%

Shares of XMTR traded up $2.39 during trading hours on Thursday, reaching $49.10. 581,566 shares of the company traded hands, compared to its average volume of 719,919. Xometry, Inc. has a 12 month low of $16.11 and a 12 month high of $51.68. The company's fifty day moving average price is $39.28 and its two-hundred day moving average price is $32.17. The company has a quick ratio of 3.85, a current ratio of 3.91 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -39.89 and a beta of 0.87.

Xometry (NASDAQ:XMTR - Get Free Report) last released its 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. The business had revenue of $162.55 million for the quarter, compared to the consensus estimate of $156.53 million. Xometry had a negative return on equity of 6.79% and a negative net margin of 10.20%.The company's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) earnings per share. Xometry has set its Q3 2025 guidance at EPS. Equities research analysts predict that Xometry, Inc. will post -0.66 earnings per share for the current fiscal year.

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.