Marathon Partners Equity Management LLC Takes Position in Xometry, Inc. (NASDAQ:XMTR)

Marathon Partners Equity Management LLC purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 254,500 shares of the company's stock, valued at approximately $10,857,000. Xometry makes up approximately 9.4% of Marathon Partners Equity Management LLC's holdings, making the stock its 3rd biggest holding. Marathon Partners Equity Management LLC owned about 0.51% of Xometry at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. lifted its stake in Xometry by 8.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock worth $190,000 after purchasing an additional 333 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Xometry in the 4th quarter worth $27,000. Comerica Bank increased its holdings in shares of Xometry by 195.1% in the 4th quarter. Comerica Bank now owns 1,133 shares of the company's stock worth $48,000 after buying an additional 749 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Xometry by 7.9% in the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock worth $520,000 after buying an additional 891 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Xometry in the 4th quarter worth $38,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of research analyst reports. Cantor Fitzgerald increased their price target on shares of Xometry from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. UBS Group increased their price target on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Royal Bank of Canada increased their price target 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. JPMorgan Chase & Co. decreased their price target on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup decreased their price target on shares of Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Xometry has a consensus rating of "Moderate Buy" and an average target price of $34.89.

Xometry Trading Up 3.6%

Shares of XMTR stock traded up $1.18 on Friday, hitting $34.29. 582,009 shares of the company's stock traded hands, compared to its average volume of 597,996. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The company's fifty day simple moving average is $25.43 and its 200 day simple moving average is $30.64. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -32.66 and a beta of 0.71.

Insider Activity at Xometry

In other Xometry news, CEO Randolph Altschuler sold 27,566 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the sale, the chief executive officer now owns 256,570 shares of the company's stock, valued at $6,824,762. This represents a 9.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Emily Rollins sold 10,041 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $30.70, for a total transaction of $308,258.70. Following the sale, the director now directly owns 11,105 shares of the company's stock, valued at $340,923.50. The trade was a 47.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,297 shares of company stock valued at $2,214,438. Insiders own 9.66% of the company's stock.

Xometry Company 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.