Xometry, Inc. $XMTR Shares Newly Purchased by Soltis Investment Advisors LLC

Key Points

• Soltis Investment Advisors purchased 64,823 Xometry shares worth approximately $6.7 million, while institutional investors collectively own 97.31% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $113.18.
• Xometry’s latest quarterly results exceeded expectations: revenue rose 41.1% year over year to $229.28 million, and EPS of $0.16 topped estimates by $0.01, although the company remains unprofitable on a net-margin basis.

Soltis Investment Advisors LLC bought a new stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 64,823 shares of the company's stock, valued at approximately $6,667,000. Soltis Investment Advisors LLC owned 0.13% of Xometry at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XMTR. Wellington Management Group LLP raised its stake in Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company's stock worth $127,656,000 after buying an additional 280,491 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company's stock valued at $29,015,000 after acquiring an additional 492,285 shares during the period. Sylebra Capital LLC increased its holdings in shares of Xometry by 31.3% during the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company's stock valued at $21,875,000 after acquiring an additional 127,637 shares in the last quarter. Zevenbergen Capital Investments LLC increased its holdings in shares of Xometry by 115.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company's stock valued at $30,603,000 after acquiring an additional 159,227 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Xometry by 45.6% during the first quarter. Sei Investments Co. now owns 274,641 shares of the company's stock valued at $11,216,000 after acquiring an additional 85,989 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XMTR. Raymond James Financial set a $120.00 target price on Xometry in a research report on Tuesday, September 22nd. The Goldman Sachs Group lifted their price target on shares of Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Rosenblatt Securities boosted their price target on shares of Xometry from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, September 22nd. Wedbush started coverage on shares of Xometry in a report on Thursday, July 16th. They set an "outperform" rating and a $126.00 price objective on the stock. Finally, UBS Group raised their price objective on shares of Xometry from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $113.18.

Xometry Price Performance

XMTR stock opened at $100.82 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The business has a 50-day simple moving average of $95.92 and a two-hundred day simple moving average of $75.92. The company has a market capitalization of $5.22 billion, a P/E ratio of -168.03 and a beta of 1.23. Xometry, Inc. has a 52-week low of $35.86 and a 52-week high of $112.94.

Xometry (NASDAQ:XMTR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%. The firm had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company's quarterly revenue was up 41.1% compared to the same quarter last year. Research analysts expect that Xometry, Inc. will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Xometry news, CEO Sanjeev Sahni sold 1,500 shares of the firm's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $108.80, for a total transaction of $163,200.00. Following the transaction, the chief executive officer directly owned 178,291 shares in the company, valued at approximately $19,398,060.80. This trade represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Vaidyanathan Raghavan sold 1,866 shares of the firm's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $103.28, for a total value of $192,720.48. Following the transaction, the chief technology officer owned 133,911 shares in the company, valued at approximately $13,830,328.08. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 64,699 shares of company stock worth $6,169,735. 9.10% of the stock is owned by corporate insiders.

About Xometry

Xometry, Inc NASDAQ: XMTR operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.

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