Tower Research Capital LLC TRC Reduces Position in Xometry, Inc. (NASDAQ:XMTR)

Tower Research Capital LLC TRC decreased its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 93.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 625 shares of the company's stock after selling 8,805 shares during the quarter. Tower Research Capital LLC TRC's holdings in Xometry were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. grew its position in shares of Xometry by 32.9% during the 3rd quarter. Franklin Resources Inc. now owns 38,881 shares of the company's stock worth $731,000 after buying an additional 9,625 shares during the period. Rhumbline Advisers grew its position in shares of Xometry by 5.7% during the 4th quarter. Rhumbline Advisers now owns 59,367 shares of the company's stock worth $2,533,000 after buying an additional 3,180 shares during the period. Truist Financial Corp acquired a new stake in Xometry in the 4th quarter valued at $225,000. Principal Financial Group Inc. acquired a new stake in Xometry in the 4th quarter valued at $1,258,000. Finally, Envestnet Asset Management Inc. grew its position in Xometry by 34.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 35,294 shares of the company's stock valued at $1,506,000 after purchasing an additional 8,970 shares during the period. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Stock Down 0.2%

NASDAQ:XMTR traded down $0.08 during trading hours on Thursday, hitting $33.40. 414,039 shares of the company traded hands, compared to its average volume of 599,060. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The firm's 50-day simple moving average is $26.15 and its 200-day simple moving average is $30.92. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The company has a market cap of $1.68 billion, a PE ratio of -31.81 and a beta of 0.71.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their price target on shares of Xometry from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JMP Securities reissued a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. Cantor Fitzgerald lifted their price target on shares of Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.89.

Insider Buying and Selling at Xometry

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 transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Miln sold 25,852 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the completion of the transaction, the chief financial officer now directly owns 105,238 shares in the company, valued at $2,532,026.28. This trade represents a 19.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,297 shares of company stock worth $2,214,438. Corporate insiders own 9.66% of the company's stock.

About Xometry

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.