Eventide Asset Management LLC Lowers Stake in Xometry, Inc. $XMTR

Eventide Asset Management LLC cut its stake in Xometry, Inc. (NASDAQ:XMTR) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,117,906 shares of the company’s stock after selling 39,940 shares during the quarter. Xometry comprises approximately 2.8% of Eventide Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. Eventide Asset Management LLC owned about 0.06% of Xometry worth $169,870,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Boothbay Fund Management LLC acquired a new position in Xometry in the third quarter valued at about $210,000. Aquatic Capital Management LLC acquired a new stake in Xometry during the third quarter worth about $1,494,000. Alliancebernstein L.P. increased its holdings in Xometry by 2.1% in the 3rd quarter. Alliancebernstein L.P. now owns 44,107 shares of the company’s stock valued at $2,403,000 after buying an additional 887 shares during the period. Ameriprise Financial Inc. raised its position in shares of 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 in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Xometry in the 3rd quarter valued at approximately $253,000. 97.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XMTR. Wedbush reduced their price target on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research note on Wednesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Finally, Royal Bank Of Canada decreased their price target on Xometry from $64.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.00.

Xometry Trading Up 2.3%

Shares of Xometry stock opened at $36.92 on Friday. The firm’s 50 day moving average is $56.38 and its 200 day moving average is $55.69. The firm has a market capitalization of $1.91 billion, a PE ratio of -30.26 and a beta of 0.90. Xometry, Inc. has a 1 year low of $18.59 and a 1 year high of $73.87. The company has a current ratio of 3.76, a quick ratio of 3.72 and a debt-to-equity ratio of 1.18.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Xometry had a negative net margin of 8.99% and a negative return on equity of 5.49%. The business had revenue of $192.40 million during the quarter, compared to the consensus estimate of $183.37 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm’s revenue was up 29.5% compared to the same quarter last year. Equities research analysts forecast that Xometry, Inc. will post -0.66 earnings per share for the current fiscal year.

Insider Activity at Xometry

In related news, CTO Vaidyanathan Raghavan sold 4,572 shares of the firm’s stock in a transaction 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 sale, the chief technology officer owned 64,304 shares of the company’s stock, valued at $2,793,365.76. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Subir Dutt sold 3,929 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $65.55, for a total value of $257,545.95. Following the sale, the insider owned 67,419 shares in the company, valued at $4,419,315.45. This represents a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 127,852 shares of company stock valued at $6,993,940. 9.66% of the stock is owned by company insiders.

Xometry Company 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.