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

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

Several other large investors have also added to or reduced their stakes in XMTR. Global Retirement Partners LLC purchased a new stake in Xometry in the 4th quarter valued at about $27,000. Canada Pension Plan Investment Board bought a new position in shares of Xometry in the fourth quarter valued at approximately $38,000. SBI Securities Co. Ltd. purchased a new stake in shares of Xometry during the fourth quarter valued at approximately $73,000. Summit Investment Advisors Inc. lifted its holdings in Xometry by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock worth $190,000 after acquiring an additional 333 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in Xometry in the fourth quarter worth $219,000. Institutional investors own 97.31% of the company's stock.

Insider Transactions at Xometry

In other Xometry news, Director Emily Rollins sold 2,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares in the company, valued at $333,576.36. This trade represents a 11.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Miln sold 1,346 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total transaction of $33,824.98. Following the transaction, the chief financial officer now owns 144,713 shares of the company's stock, valued at $3,636,637.69. This trade represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,256 shares of company stock valued at $2,012,889 over the last three months. Company insiders own 16.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on XMTR shares. JMP Securities reaffirmed a "market outperform" rating and set a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. Citigroup lowered their price objective on shares of Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Cantor Fitzgerald boosted their target price on shares of Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered 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, UBS Group increased their price objective on Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. One equities research 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.56.

Xometry Stock Performance

Xometry stock traded down $0.30 during mid-day trading on Wednesday, reaching $25.64. The company's stock had a trading volume of 665,137 shares, compared to its average volume of 611,604. The company has a market capitalization of $1.29 billion, a P/E ratio of -24.42 and a beta of 0.72. The firm's fifty day moving average price is $24.38 and its two-hundred day moving average price is $29.70. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33. 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 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.