Xometry, Inc. (NASDAQ:XMTR) Holdings Lowered by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 0.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,052,692 shares of the company’s stock after selling 1,161 shares during the quarter. Clearbridge Investments LLC’s holdings in Xometry were worth $37,802,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fred Alger Management LLC increased its position in Xometry by 47.5% in the 3rd quarter. Fred Alger Management LLC now owns 2,584,913 shares of the company’s stock worth $43,892,000 after purchasing an additional 832,005 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of Xometry by 6.3% during the 3rd quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company’s stock valued at $112,598,000 after acquiring an additional 390,933 shares during the last quarter. Vanguard Group Inc. boosted its stake in Xometry by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,773,652 shares of the company’s stock valued at $64,077,000 after purchasing an additional 161,226 shares during the period. Lisanti Capital Growth LLC bought a new stake in Xometry during the 4th quarter valued at approximately $4,972,000. Finally, New York State Common Retirement Fund boosted its stake in Xometry by 9.4% during the 4th quarter. New York State Common Retirement Fund now owns 1,093,862 shares of the company’s stock valued at $39,281,000 after purchasing an additional 94,436 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Stock Up 0.2 %

XMTR stock opened at $15.73 on Thursday. The business’s 50-day moving average price is $16.93 and its two-hundred day moving average price is $23.82. Xometry, Inc. has a 1-year low of $13.57 and a 1-year high of $38.74. The company has a current ratio of 4.34, a quick ratio of 4.30 and a debt-to-equity ratio of 0.88.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $128.15 million during the quarter, compared to the consensus estimate of $127.78 million. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. On average, research analysts expect that Xometry, Inc. will post -0.99 earnings per share for the current year.

Insider Transactions at Xometry

In other news, COO Peter Goguen sold 3,943 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total transaction of $69,436.23. Following the sale, the chief operating officer now directly owns 197,211 shares of the company’s stock, valued at approximately $3,472,885.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 5,243 shares of company stock worth $93,002 over the last quarter. Company insiders own 19.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Craig Hallum reduced their price objective on Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, May 10th. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price target on shares of Xometry in a report on Tuesday, April 23rd. Royal Bank of Canada dropped their price target on Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. The Goldman Sachs Group lowered their target price on Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, TheStreet cut Xometry from a “c-” rating to a “d” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Xometry currently has an average rating of “Moderate Buy” and a consensus price target of $24.40.

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.