Hussman Strategic Advisors Inc. Purchases New Shares in Xometry, Inc. $XMTR

Hussman Strategic Advisors Inc. purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) during the second quarter, Holdings Channel.com reports. The fund purchased 21,000 shares of the company’s stock, valued at approximately $710,000.

Other large investors also recently made changes to their positions in the company. Federated Hermes Inc. lifted its position in shares of Xometry by 264.2% during the first quarter. Federated Hermes Inc. now owns 37,271 shares of the company’s stock valued at $929,000 after purchasing an additional 27,036 shares in the last quarter. LVW Advisors LLC bought a new stake in Xometry in the second quarter worth about $388,000. Vontobel Holding Ltd. bought a new stake in Xometry in the first quarter worth about $420,000. Sheets Smith Investment Management bought a new stake in Xometry in the first quarter worth about $347,000. Finally, Bank of New York Mellon Corp raised its position in Xometry by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 116,295 shares of the company’s stock worth $2,898,000 after acquiring an additional 6,690 shares during the period. 97.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XMTR has been the topic of several research reports. JMP Securities lifted their price objective on shares of Xometry from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Citigroup reaffirmed an “outperform” rating on shares of Xometry in a research report on Friday, July 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th. Cantor Fitzgerald raised shares of Xometry from an “underweight” rating to a “neutral” rating and set a $41.00 price objective on the stock in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $49.00 price objective (up previously from $42.00) on shares of Xometry in a research report on Thursday, October 16th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.22.

Insider Activity

In other news, CFO James Miln sold 598 shares of Xometry stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $50.25, for a total value of $30,049.50. Following the completion of the transaction, the chief financial officer owned 144,115 shares in the company, valued at $7,241,778.75. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Randolph Altschuler sold 9,331 shares of Xometry stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $50.31, for a total transaction of $469,442.61. Following the completion of the transaction, the chief executive officer owned 310,271 shares of the company’s stock, valued at $15,609,734.01. The trade was a 2.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.66% of the stock is owned by company insiders.

Xometry Price Performance

XMTR opened at $62.62 on Wednesday. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -50.91 and a beta of 0.87. The company has a quick ratio of 3.85, a current ratio of 3.91 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $50.96 and a 200-day moving average price of $40.26. Xometry, Inc. has a twelve month low of $18.59 and a twelve month high of $62.72.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, August 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $162.55 million during the quarter, compared to the consensus estimate of $156.53 million. Xometry had a negative net margin of 10.20% and a negative return on equity of 6.79%. The company’s revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) earnings per share. Equities analysts expect that Xometry, Inc. will post -0.66 EPS for the current year.

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.