Xometry, Inc. $XMTR Position Increased by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 12.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,443,283 shares of the company’s stock after purchasing an additional 164,278 shares during the period. First Trust Advisors LP’s holdings in Xometry were worth $78,616,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sylebra Capital LLC boosted its holdings in shares of Xometry by 9.6% in the 2nd quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock valued at $69,680,000 after buying an additional 180,533 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Xometry by 4.5% during the second quarter. Ameriprise Financial Inc. now owns 1,274,351 shares of the company’s stock valued at $43,060,000 after purchasing an additional 54,996 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Xometry by 0.9% during the second quarter. Geode Capital Management LLC now owns 1,084,117 shares of the company’s stock valued at $36,637,000 after purchasing an additional 9,360 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Xometry by 1.0% during the 2nd quarter. New York State Common Retirement Fund now owns 951,142 shares of the company’s stock worth $32,139,000 after purchasing an additional 9,054 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC raised its position in shares of Xometry by 248.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock worth $29,053,000 after purchasing an additional 613,282 shares during the period. 97.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on XMTR. UBS Group boosted their price objective on Xometry from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Citigroup dropped their target price on Xometry from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. William Blair reiterated an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Royal Bank Of Canada reduced their price target on shares of Xometry from $64.00 to $55.00 and set a “sector perform” rating for the company in a report on Wednesday, February 25th. Finally, Wedbush lowered their price target on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.00.

Insider Activity at Xometry

In related news, insider Subir Dutt sold 3,929 shares of Xometry stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $65.55, for a total transaction of $257,545.95. Following the sale, the insider directly owned 67,419 shares in the company, valued at $4,419,315.45. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Sanjeev Singh Sahni sold 26,190 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $65.47, for a total transaction of $1,714,659.30. Following the completion of the sale, the president directly owned 63,130 shares of the company’s stock, valued at $4,133,121.10. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 127,852 shares of company stock valued at $6,993,940. 9.66% of the stock is owned by corporate insiders.

Xometry Stock Performance

Shares of XMTR stock opened at $43.82 on Tuesday. Xometry, Inc. has a 12-month low of $18.59 and a 12-month high of $73.87. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.76 and a quick ratio of 3.72. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -35.92 and a beta of 0.91. The business has a 50 day simple moving average of $58.15 and a 200 day simple moving average of $56.00.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.The firm had revenue of $192.40 million for the quarter, compared to the consensus estimate of $183.37 million. During the same quarter in the previous year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, equities research analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current year.

Xometry Company Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.