Invesco Ltd. Raises Stock Position in Xometry, Inc. (NASDAQ:XMTR)

Invesco Ltd. boosted its position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 711.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,006 shares of the company's stock after buying an additional 220,088 shares during the quarter. Invesco Ltd. owned 0.51% of Xometry worth $10,708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Xometry by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company's stock worth $183,151,000 after buying an additional 86,997 shares during the period. Geode Capital Management LLC lifted its position in shares of Xometry by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company's stock worth $42,861,000 after purchasing an additional 8,974 shares during the last quarter. State Street Corp lifted its position in shares of Xometry by 0.3% during the third quarter. State Street Corp now owns 887,139 shares of the company's stock worth $16,297,000 after purchasing an additional 3,027 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Xometry during the fourth quarter worth $30,297,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Xometry by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,156 shares of the company's stock worth $15,620,000 after purchasing an additional 11,307 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Stock Up 6.4 %

Shares of XMTR stock traded up $1.62 during mid-day trading on Monday, hitting $26.78. 1,019,790 shares of the stock traded hands, compared to its average volume of 608,793. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The stock has a market cap of $1.35 billion, a P/E ratio of -25.50 and a beta of 0.72. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The stock's fifty day moving average is $24.69 and its two-hundred day moving average is $29.76.

Insider Buying and Selling at Xometry

In other 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 completion of the sale, the chief executive officer now directly owns 256,570 shares in the company, valued at approximately $6,824,762. The trade was a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Peter Goguen sold 3,000 shares of Xometry stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $35.57, for a total transaction of $106,710.00. Following the sale, the chief operating officer now owns 161,993 shares of the company's stock, valued at $5,762,091.01. The trade was a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,256 shares of company stock worth $2,012,889 over the last three months. Corporate insiders own 16.79% of the company's stock.

Analyst Upgrades and Downgrades

XMTR has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their target price on Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Citigroup decreased their target price on Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. UBS Group lifted their target price on Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Cantor Fitzgerald lifted their target price on Xometry from $12.00 to $20.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 26th. Finally, JMP Securities restated a "market outperform" rating and issued a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.44.

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.