43,597 Shares in Xometry, Inc. $XMTR Acquired by Metavasi Capital LP

Metavasi Capital LP purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 43,597 shares of the company’s stock, valued at approximately $1,473,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hood River Capital Management LLC lifted its holdings in shares of Xometry by 29.7% in the 2nd quarter. Hood River Capital Management LLC now owns 404,853 shares of the company’s stock valued at $13,680,000 after purchasing an additional 92,741 shares during the last quarter. LVW Advisors LLC acquired a new position in Xometry during the second quarter worth approximately $388,000. Sheets Smith Investment Management purchased a new stake in Xometry in the first quarter valued at approximately $347,000. Zweig DiMenna Associates LLC acquired a new stake in shares of Xometry in the second quarter valued at approximately $1,605,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Xometry in the second quarter valued at approximately $1,704,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Up 0.6%

XMTR stock opened at $61.62 on Friday. The stock has a market capitalization of $3.16 billion, a PE ratio of -49.30 and a beta of 0.86. The company has a fifty day moving average of $55.30 and a 200-day moving average of $45.79. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.58 and a current ratio of 3.62. Xometry, Inc. has a one year low of $18.59 and a one year high of $69.26.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $180.72 million for the quarter, compared to analyst estimates of $168.25 million. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The business’s revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. As a group, analysts expect that Xometry, Inc. will post -0.66 EPS for the current year.

Insider Transactions at Xometry

In related news, CEO Randolph Altschuler sold 9,331 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $50.31, for a total transaction of $469,442.61. Following the transaction, the chief executive officer owned 310,271 shares of the company’s stock, valued at $15,609,734.01. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James Miln sold 599 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $62.11, for a total value of $37,203.89. Following the completion of the transaction, the chief financial officer owned 141,796 shares of the company’s stock, valued at $8,806,949.56. The trade was a 0.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 12,005 shares of company stock valued at $631,147. Corporate insiders own 9.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on XMTR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Wedbush increased their target price on shares of Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. JMP Securities set a $75.00 price target on Xometry in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. upped their price objective on Xometry from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.89.

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.