Kornitzer Capital Management Inc. KS Purchases New Stake in Xometry, Inc. $XMTR

Kornitzer Capital Management Inc. KS acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the 1st quarter, Holdings Channel.com reports. The firm acquired 38,315 shares of the company’s stock, valued at approximately $1,565,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new stake in Xometry during the fourth quarter valued at $28,000. Quantbot Technologies LP acquired a new position in shares of Xometry in the 3rd quarter valued at about $30,000. GAMMA Investing LLC boosted its holdings in shares of Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after buying an additional 162 shares during the period. Leonteq Securities AG bought a new stake in shares of Xometry during the 4th quarter valued at about $59,000. Finally, Comerica Bank grew its position in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insider Activity

In related news, CTO Vaidyanathan Raghavan sold 1,866 shares of Xometry stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $93.21, for a total transaction of $173,929.86. Following the sale, the chief technology officer directly owned 140,777 shares in the company, valued at $13,121,824.17. The trade was a 1.31% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Randolph Altschuler sold 5,722 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $93.30, for a total transaction of $533,862.60. Following the completion of the sale, the director directly owned 428,750 shares of the company’s stock, valued at $40,002,375. The trade was a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 80,496 shares of company stock worth $7,124,340 over the last ninety days. 9.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup raised their target price on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price for the company in a report on Thursday, April 30th. Citizens Jmp raised their price target on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group restated a “neutral” rating and set a $78.00 price objective on shares of Xometry in a research report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.00.

Xometry Price Performance

NASDAQ XMTR opened at $96.07 on Monday. The company has a 50-day moving average price of $87.00 and a two-hundred day moving average price of $64.48. Xometry, Inc. has a 52 week low of $30.63 and a 52 week high of $99.86. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of -94.19 and a beta of 1.27. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. Analysts forecast that Xometry, Inc. will post -0.06 EPS for the current year.

Xometry 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.