Zevenbergen Capital Investments LLC Grows Stock Position in Xometry, Inc. $XMTR

Key Points

• Zevenbergen Capital Investments more than doubled its Xometry position in the third quarter, increasing holdings by 115.1% to 297,552 shares worth approximately $30.6 million. Institutional investors collectively own 97.31% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings, four Holds, and one Sell. Xometry has an average “Moderate Buy” rating and an average price target of $113.18.
• Xometry reported quarterly revenue of $229.28 million, up 41.1% year over year and above expectations, while shares recently traded at $106.48. Insiders sold 63,199 shares worth about $6 million over the past three months.

Zevenbergen Capital Investments LLC boosted its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 115.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,552 shares of the company's stock after purchasing an additional 159,227 shares during the period. Zevenbergen Capital Investments LLC owned 0.57% of Xometry worth $30,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of XMTR. MRA Advisory Group bought a new stake in shares of Xometry during the third quarter worth $681,000. Tidal Investments LLC bought a new position in shares of Xometry in the second quarter valued at about $247,000. IPG Investment Advisors LLC bought a new position in shares of Xometry in the second quarter valued at about $241,000. Integrated Wealth Concepts LLC acquired a new position in Xometry during the 2nd quarter worth about $36,000. Finally, Nykredit A S acquired a new position in Xometry during the 2nd quarter worth about $103,000. Institutional investors and hedge funds own 97.31% of the company's stock.

Analysts Set New Price Targets

XMTR has been the subject of a number of research reports. Citigroup reissued a "market outperform" rating on shares of Xometry in a report on Monday, September 21st. UBS Group increased their price objective on Xometry from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. The Goldman Sachs Group lifted their target price on Xometry from $78.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Citizens Jmp restated a "market outperform" rating and set a $120.00 target price on shares of Xometry in a research report on Monday, September 21st. Finally, JPMorgan Chase & Co. began coverage on Xometry in a report on Monday, August 24th. They set an "overweight" rating and a $120.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $113.18.

Insider Activity at Xometry

In other news, CTO Vaidyanathan Raghavan sold 5,000 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $96.77, for a total value of $483,850.00. Following the completion of the sale, the chief technology officer directly owned 135,777 shares of the company's stock, valued at $13,139,140.29. This represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Emily Rollins sold 5,000 shares of Xometry stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total transaction of $421,550.00. Following the transaction, the director directly owned 15,136 shares in the company, valued at $1,276,116.16. The trade was a 24.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 63,199 shares of company stock worth $6,006,535. 9.10% of the stock is owned by company insiders.

Xometry Trading Down 1.2%

Shares of XMTR stock traded down $1.32 during trading hours on Thursday, reaching $106.48. The company had a trading volume of 580,459 shares, compared to its average volume of 887,194. Xometry, Inc. has a 1-year low of $35.86 and a 1-year high of $112.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of -177.46 and a beta of 1.23. The company has a 50 day moving average of $93.55 and a 200 day moving average of $81.03.

Xometry (NASDAQ:XMTR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $229.28 million during the quarter, compared to analysts' expectations of $215.22 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The firm's quarterly revenue was up 41.1% compared to the same quarter last year. On average, equities research analysts anticipate that Xometry, Inc. will post -0.01 EPS for the current year.

About Xometry

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.

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