Vanguard Group Inc. Acquires 161,226 Shares of Xometry, Inc. (NASDAQ:XMTR)

Vanguard Group Inc. grew its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 4.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,773,652 shares of the company's stock after acquiring an additional 161,226 shares during the period. Vanguard Group Inc. owned about 8.31% of Xometry worth $64,077,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Xometry in the 1st quarter worth approximately $33,000. State of Wyoming grew its stake in shares of Xometry by 82.8% in the 4th quarter. State of Wyoming now owns 1,159 shares of the company's stock worth $37,000 after buying an additional 525 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of Xometry in the 1st quarter worth approximately $61,000. Ameritas Investment Partners Inc. grew its stake in shares of Xometry by 209.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company's stock worth $70,000 after buying an additional 1,296 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Xometry by 81.1% in the 3rd quarter. UBS Group AG now owns 1,869 shares of the company's stock worth $106,000 after buying an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Transactions at Xometry

In other Xometry news, CFO James M. Rallo sold 5,000 shares of the business's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $33.02, for a total transaction of $165,100.00. Following the sale, the chief financial officer now directly owns 44,381 shares of the company's stock, valued at $1,465,460.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Xometry news, CFO James M. Rallo sold 5,000 shares of the business's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $33.02, for a total transaction of $165,100.00. Following the sale, the chief financial officer now directly owns 44,381 shares of the company's stock, valued at $1,465,460.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Emily Rollins sold 1,000 shares of the business's stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $32.39, for a total value of $32,390.00. Following the sale, the director now directly owns 10,770 shares in the company, valued at $348,840.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,243 shares of company stock valued at $444,742. 19.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XMTR has been the topic of several recent research reports. JMP Securities upped their price target on Xometry from $26.00 to $42.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 3rd. UBS Group lowered their price objective on Xometry from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 13th. Royal Bank of Canada lowered their price objective on Xometry from $38.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Friday, March 1st. TheStreet cut Xometry from a "c-" rating to a "d" rating in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group lowered their price objective on Xometry from $46.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.67.

Xometry Stock Performance

Xometry stock traded up $0.41 during trading on Monday, reaching $18.27. The company had a trading volume of 662,931 shares, compared to its average volume of 652,673. Xometry, Inc. has a 52 week low of $12.45 and a 52 week high of $38.74. The firm's 50-day simple moving average is $23.84 and its 200 day simple moving average is $23.78. The firm has a market capitalization of $887.52 million, a price-to-earnings ratio of -13.05 and a beta of 0.71. The company has a current ratio of 4.28, a quick ratio of 4.25 and a debt-to-equity ratio of 0.85.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. The business had revenue of $128.15 million for the quarter, compared to the consensus estimate of $127.78 million. Sell-side analysts forecast that Xometry, Inc. will post -0.64 earnings per share for the current fiscal year.

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.