Palumbo Wealth Management LLC Makes New $191,000 Investment in Xometry, Inc. (NASDAQ:XMTR)

Palumbo Wealth Management LLC acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTRFree Report) during the third quarter, Holdings Channel reports. The fund acquired 10,406 shares of the company’s stock, valued at approximately $191,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XMTR. Allspring Global Investments Holdings LLC increased its position in shares of Xometry by 191.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock valued at $3,981,000 after buying an additional 142,262 shares during the period. Raymond James & Associates raised its position in shares of Xometry by 0.6% in the 3rd quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock worth $5,290,000 after purchasing an additional 1,586 shares during the last quarter. SG Americas Securities LLC purchased a new position in Xometry in the 3rd quarter worth about $153,000. Point72 Asset Management L.P. purchased a new position in Xometry in the 2nd quarter worth about $55,000. Finally, Sylebra Capital LLC raised its position in Xometry by 134.2% in the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after buying an additional 864,454 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Xometry

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the transaction, the chief technology officer now owns 82,918 shares of the company’s stock, valued at $1,529,837.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.79% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Cantor Fitzgerald decreased their target price on Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. JMP Securities boosted their price target on Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.86.

Get Our Latest Analysis on Xometry

Xometry Price Performance

NASDAQ XMTR traded down $0.21 during trading hours on Thursday, reaching $19.40. The company’s stock had a trading volume of 29,453 shares, compared to its average volume of 590,160. The company has a market capitalization of $956.36 million, a price-to-earnings ratio of -17.99 and a beta of 0.57. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $38.74. The firm’s 50-day moving average price is $18.94 and its 200-day moving average price is $16.37. The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89.

Xometry (NASDAQ:XMTRGet Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.13. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. The business had revenue of $132.60 million for the quarter, compared to analysts’ expectations of $128.65 million. During the same period in the prior year, the firm earned ($0.55) EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts predict that Xometry, Inc. will post -0.81 EPS for the current fiscal year.

Xometry Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Xometry (NASDAQ:XMTR)

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