OneDigital Investment Advisors LLC Buys New Position in Xometry, Inc. (NASDAQ:XMTR)

OneDigital Investment Advisors LLC purchased a new position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 62,659 shares of the company's stock, valued at approximately $2,673,000. OneDigital Investment Advisors LLC owned approximately 0.13% of Xometry at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Xometry in the 4th quarter valued at about $27,000. Canada Pension Plan Investment Board purchased a new position in shares of Xometry during the fourth quarter worth approximately $38,000. SBI Securities Co. Ltd. purchased a new stake in Xometry in the 4th quarter valued at $73,000. Summit Investment Advisors Inc. boosted its stake in 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 purchasing an additional 333 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Xometry in the fourth quarter valued at $219,000. Institutional investors and hedge funds own 97.31% of the company's stock.

Insider Activity

In related news, CEO Randolph Altschuler sold 27,566 shares of the business's stock in a transaction dated 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 directly owns 256,570 shares in the company, valued at $6,824,762. The trade was a 9.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Peter Goguen sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total transaction of $106,710.00. Following the transaction, the chief operating officer now owns 161,993 shares of the company's stock, valued at $5,762,091.01. This trade represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 78,256 shares of company stock worth $2,012,889. Company insiders own 16.79% of the company's stock.

Xometry Price Performance

XMTR stock traded up $0.49 during trading on Monday, reaching $25.65. 410,092 shares of the company were exchanged, compared to its average volume of 606,423. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock's 50 day moving average price is $24.90 and its 200 day moving average price is $29.70. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a market cap of $1.29 billion, a P/E ratio of -24.34 and a beta of 0.72.

Analysts Set New Price Targets

Several equities analysts recently issued reports on XMTR shares. JMP Securities restated a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. Royal Bank of Canada increased their price target on Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. Cantor Fitzgerald upped their price objective on shares of Xometry from $12.00 to $20.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 26th. Citigroup lowered their target price 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.44.

Xometry 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.