Xometry, Inc. $XMTR Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 26.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,322,581 shares of the company’s stock after acquiring an additional 280,491 shares during the quarter. Wellington Management Group LLP’s holdings in Xometry were worth $127,656,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Xometry by 5.0% during the first quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock worth $1,511,000 after purchasing an additional 2,899 shares during the last quarter. AQR Capital Management LLC bought a new stake in Xometry in the first quarter valued at about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Xometry by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock valued at $649,000 after buying an additional 1,877 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Xometry by 26.6% during the first quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock valued at $11,281,000 after buying an additional 95,154 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Xometry by 476.1% during the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after buying an additional 197,013 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Trading Down 1.7%

Shares of NASDAQ XMTR opened at $91.15 on Wednesday. The company has a market cap of $4.72 billion, a price-to-earnings ratio of -151.91 and a beta of 1.32. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $106.08. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $91.56 and its 200 day simple moving average is $71.65.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The company had revenue of $229.28 million for the quarter, compared to analysts’ expectations of $215.22 million. During the same period last year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. Equities research analysts expect that Xometry, Inc. will post -0.01 EPS for the current year.

Insider Activity at Xometry

In related news, CEO Sanjeev Singh Sahni sold 1,500 shares of Xometry stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $90.19, for a total transaction of $135,285.00. Following the sale, the chief executive officer directly owned 182,403 shares in the company, valued at $16,450,926.57. The trade was a 0.82% 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, Director Emily Rollins sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total transaction of $421,550.00. Following the sale, the director owned 15,136 shares in the company, valued at $1,276,116.16. This trade represents a 24.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 45,553 shares of company stock valued at $4,208,168. Company insiders own 9.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on XMTR shares. UBS Group lifted their target price on Xometry from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wedbush initiated coverage on Xometry in a research note on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective on the stock. Rosenblatt Securities began coverage on shares of Xometry in a report on Thursday, August 20th. They issued a “buy” rating and a $110.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. Finally, Citigroup increased their target price on shares of Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Xometry currently has an average rating of “Moderate Buy” and an average price target of $108.33.

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.