Lisanti Capital Growth LLC Lowers Holdings in Xometry, Inc. $XMTR

Lisanti Capital Growth LLC decreased its holdings in Xometry, Inc. (NASDAQ:XMTR) by 21.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 64,905 shares of the company’s stock after selling 17,550 shares during the period. Lisanti Capital Growth LLC’s holdings in Xometry were worth $3,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its holdings in Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after buying an additional 690,558 shares during the period. First Trust Advisors LP grew its holdings in Xometry by 12.8% in the 3rd quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock valued at $78,616,000 after buying an additional 164,278 shares during the period. Baillie Gifford & Co. grew its holdings in Xometry by 1.6% in the 4th quarter. Baillie Gifford & Co. now owns 1,306,151 shares of the company’s stock valued at $77,677,000 after buying an additional 20,901 shares during the period. Wellington Management Group LLP grew its holdings in Xometry by 26.3% in the 3rd quarter. Wellington Management Group LLP now owns 947,045 shares of the company’s stock valued at $51,586,000 after buying an additional 197,297 shares during the period. Finally, Stephens Investment Management Group LLC grew its holdings in Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock valued at $50,132,000 after buying an additional 451,259 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Insider Activity

In related news, CTO Vaidyanathan Raghavan sold 4,572 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $43.44, for a total transaction of $198,607.68. Following the transaction, the chief technology officer directly owned 64,304 shares of the company’s stock, valued at approximately $2,793,365.76. The trade was a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Sanjeev Singh Sahni sold 9,978 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $43.45, for a total value of $433,544.10. Following the transaction, the president directly owned 113,022 shares in the company, valued at $4,910,805.90. This trade represents a 8.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,934 shares of company stock worth $8,387,014 in the last ninety days. 9.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XMTR shares. Citizens Jmp boosted their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. Royal Bank Of Canada boosted their target price on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Cantor Fitzgerald upgraded 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. William Blair reiterated an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Finally, Citigroup boosted their target price on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $76.00.

Xometry Stock Up 2.7%

Shares of NASDAQ:XMTR opened at $89.21 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. Xometry, Inc. has a 1 year low of $29.60 and a 1 year high of $93.13. The stock has a market capitalization of $4.62 billion, a P/E ratio of -87.46 and a beta of 1.01. The stock has a 50-day simple moving average of $53.71 and a 200-day simple moving average of $56.92.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.Xometry’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) EPS. Equities analysts forecast that Xometry, Inc. will post -0.11 earnings per share for the current year.

About Xometry

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.