Harvest Investment Services LLC acquired a new stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,815 shares of the company's stock, valued at approximately $504,000.
A number of other institutional investors and hedge funds also recently modified their holdings of XMTR. Global Retirement Partners LLC acquired a new stake in Xometry during the 4th quarter worth approximately $27,000. Canada Pension Plan Investment Board bought a new position in Xometry during the fourth quarter worth about $38,000. SBI Securities Co. Ltd. bought a new position in shares of Xometry during the 4th quarter worth approximately $73,000. Summit Investment Advisors Inc. increased its holdings in shares of Xometry by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock worth $190,000 after acquiring an additional 333 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Xometry in the fourth quarter valued at $219,000. 97.31% of the stock is owned by institutional investors.
Xometry Stock Up 1.9 %
Shares of XMTR traded up $0.49 during trading hours on Monday, reaching $25.65. The stock had a trading volume of 410,092 shares, compared to its average volume of 606,452. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -24.34 and a beta of 0.72. The firm has a 50-day simple moving average of $24.90 and a 200 day simple moving average of $29.70. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.
Insider Activity at Xometry
In related news, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $26.60, for a total value of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares of the company's stock, valued at approximately $6,824,762. The trade was a 9.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Peter Goguen sold 3,000 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total value of $106,710.00. Following the transaction, the chief operating officer now directly owns 161,993 shares in the company, valued at $5,762,091.01. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,256 shares of company stock valued at $2,012,889. 16.79% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a "market outperform" rating and set a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Citigroup lowered their price objective on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. UBS Group lifted their price target on shares of Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Cantor Fitzgerald boosted their price objective on Xometry from $12.00 to $20.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Xometry presently has an average rating of "Moderate Buy" and a consensus price target of $34.44.
Check Out Our Latest Analysis on XMTR
Xometry Company Profile
(
Free Report)
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.
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