Xometry, Inc. $XMTR Stake Trimmed by Eventide Asset Management LLC

Eventide Asset Management LLC reduced its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,936,126 shares of the company’s stock after selling 181,780 shares during the quarter. Xometry comprises 2.7% of Eventide Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. Eventide Asset Management LLC owned about 0.06% of Xometry worth $174,721,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. lifted its stake in shares of Xometry by 54.2% during 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 in the last quarter. First Trust Advisors LP lifted its stake in shares of Xometry by 9.2% during the 4th quarter. First Trust Advisors LP now owns 1,576,075 shares of the company’s stock valued at $93,729,000 after buying an additional 132,792 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of Xometry by 1.6% during 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 in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Xometry during the 4th quarter valued at approximately $76,393,000. Finally, State Street Corp lifted its stake in shares of Xometry by 1.2% during the 4th quarter. State Street Corp now owns 978,540 shares of the company’s stock valued at $58,194,000 after buying an additional 11,272 shares in the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $86.99 on Friday. The company’s fifty day moving average price is $68.12 and its 200-day moving average price is $59.77. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of -85.28 and a beta of 1.27. Xometry, Inc. has a one year low of $29.60 and a one year high of $99.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.01% and a negative return on equity of 4.37%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) EPS. On average, equities research analysts anticipate that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Xometry

In other Xometry news, Director Lukas Alexander Biewald bought 47,058 shares of Xometry stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $85.00 per share, with a total value of $3,999,930.00. Following the acquisition, the director owned 55,134 shares in the company, valued at approximately $4,686,390. This trade represents a 582.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Miln sold 1,500 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $96.90, for a total transaction of $145,350.00. Following the transaction, the chief financial officer directly owned 183,023 shares in the company, valued at approximately $17,734,928.70. This represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,943 shares of company stock worth $5,989,621 in the last 90 days. Corporate insiders own 9.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citizens Jmp upped their price target on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Thursday, April 30th. William Blair restated an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Wedbush dropped their price target on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, Citigroup upped their price target on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Xometry presently has an average rating of “Hold” and an average price target of $76.00.

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.