First Trust Advisors LP Acquires 781,049 Shares of Xometry, Inc. (NASDAQ:XMTR)

First Trust Advisors LP raised its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 2,144.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 817,475 shares of the company's stock after acquiring an additional 781,049 shares during the quarter. First Trust Advisors LP owned about 1.65% of Xometry worth $34,873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in Xometry in the 4th quarter valued at about $38,000. EAM Investors LLC bought a new stake in shares of Xometry during the fourth quarter worth approximately $4,060,000. Mariner LLC bought a new stake in shares of Xometry during the fourth quarter worth approximately $490,000. Barclays PLC grew its holdings in Xometry by 11.2% during the fourth quarter. Barclays PLC now owns 76,685 shares of the company's stock valued at $3,271,000 after purchasing an additional 7,734 shares during the period. Finally, Barr E S & Co. acquired a new position in shares of Xometry during the 4th quarter worth about $264,000. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Stock Performance

Shares of Xometry stock traded down $0.83 on Wednesday, hitting $25.12. 123,233 shares of the company's stock were exchanged, compared to its average volume of 608,604. 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 1 year low of $11.08 and a 1 year high of $45.33. The company has a 50-day simple moving average of $24.51 and a 200-day simple moving average of $29.73. The stock has a market capitalization of $1.26 billion, a PE ratio of -23.94 and a beta of 0.72.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XMTR. Royal Bank of Canada lowered their target price on shares of Xometry from $36.00 to $32.00 and set a "sector perform" rating on the stock in a report on Tuesday. JMP Securities reissued a "market outperform" rating and issued a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. UBS Group raised their target price on shares of Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Citigroup lowered their target price on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Xometry presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.56.

Insider Activity at Xometry

In related news, CEO Randolph Altschuler sold 27,566 shares of Xometry 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 transaction, the chief executive officer now owns 256,570 shares in the company, valued at approximately $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 can be accessed through this link. Also, COO Peter Goguen sold 3,000 shares of Xometry stock in a transaction on 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 in the company, valued at approximately $5,762,091.01. This trade 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 worth $2,012,889. 16.79% of the stock is owned by corporate insiders.

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.