Xometry, Inc. $XMTR Shares Newly Purchased by MRA Advisory Group

MRA Advisory Group purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) during the third quarter, Holdings Channel reports. The institutional investor purchased 6,625 shares of the company’s stock, valued at approximately $681,000.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Xometry by 26.9% in the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after purchasing an additional 280,491 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after acquiring an additional 492,285 shares in the last quarter. Sylebra Capital LLC lifted its holdings in shares of Xometry by 31.3% during the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after purchasing an additional 127,637 shares in the last quarter. Sei Investments Co. grew its position in shares of Xometry by 45.6% in the 1st quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock valued at $11,216,000 after purchasing an additional 85,989 shares during the period. Finally, Bank of America Corp DE increased its stake in Xometry by 23.7% during the 1st quarter. Bank of America Corp DE now owns 235,414 shares of the company’s stock worth $9,614,000 after purchasing an additional 45,158 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insider Transactions at Xometry

In other Xometry news, CTO Vaidyanathan Raghavan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $96.77, for a total transaction of $483,850.00. Following the completion of the sale, the chief technology officer directly owned 135,777 shares in the company, valued at $13,139,140.29. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Emily Rollins sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $84.31, for a total value of $421,550.00. Following the sale, the director owned 15,136 shares of the company’s stock, valued at approximately $1,276,116.16. This represents a 24.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 63,199 shares of company stock worth $6,006,535. 9.10% of the stock is currently owned by insiders.

Xometry Stock Performance

Shares of NASDAQ XMTR traded down $2.28 during midday trading on Wednesday, hitting $108.38. 289,100 shares of the company’s stock were exchanged, compared to its average volume of 885,862. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $5.62 billion, a PE ratio of -180.97 and a beta of 1.23. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $112.94. The company’s 50 day moving average price is $93.01 and its 200 day moving average price is $80.55.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. During the same quarter last year, the firm posted $0.09 EPS. The company’s quarterly revenue was up 41.1% on a year-over-year basis. As a group, analysts predict that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on XMTR shares. JPMorgan Chase & Co. began coverage on shares of Xometry in a report on Monday, August 24th. They issued an “overweight” rating and a $120.00 price target for the company. Rosenblatt Securities increased their target price on Xometry from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research report on Wednesday, August 26th. Royal Bank Of Canada lifted their target price on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Finally, Raymond James Financial set a $120.00 price objective on shares of Xometry in a report on Tuesday, September 22nd. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Xometry currently has an average rating of “Moderate Buy” and a consensus target price of $113.18.

About Xometry

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.