31,566 Shares in Xometry, Inc. $XMTR Purchased by Penn Capital Management Company LLC

Penn Capital Management Company LLC purchased a new position in Xometry, Inc. (NASDAQ:XMTR) during the fourth quarter, HoldingsChannel reports. The firm purchased 31,566 shares of the company’s stock, valued at approximately $1,899,000.

A number of other hedge funds also recently bought and sold shares of the company. Legato Capital Management LLC boosted its stake in Xometry by 18.6% in the 4th quarter. Legato Capital Management LLC now owns 24,055 shares of the company’s stock worth $1,431,000 after purchasing an additional 3,780 shares in the last quarter. FourThought Financial Partners LLC bought a new position in Xometry in the 4th quarter worth about $280,000. Leonteq Securities AG bought a new position in Xometry in the 4th quarter worth about $59,000. ProShare Advisors LLC boosted its stake in Xometry by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 7,948 shares of the company’s stock worth $473,000 after purchasing an additional 510 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after purchasing an additional 451,259 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Insider Transactions at Xometry

In other news, CEO Randolph Altschuler sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $87.85, for a total value of $4,392,500.00. Following the transaction, the chief executive officer owned 455,248 shares in the company, valued at $39,993,536.80. This represents a 9.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Sanjeev Singh Sahni sold 9,978 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $43.45, for a total transaction of $433,544.10. Following the completion of the transaction, the president owned 113,022 shares in the company, valued at $4,910,805.90. This trade represents a 8.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 128,934 shares of company stock worth $8,387,014. 9.10% of the stock is currently owned by corporate insiders.

Xometry Price Performance

XMTR opened at $92.64 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The stock has a market capitalization of $4.80 billion, a P/E ratio of -90.82 and a beta of 1.01. The company’s 50-day simple moving average is $55.89 and its two-hundred day simple moving average is $57.38. Xometry, Inc. has a 52-week low of $29.60 and a 52-week high of $93.39.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on XMTR. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Wedbush lowered their target price 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. William Blair restated an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Citizens Jmp upped their target price 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. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $78.00 target price on shares of Xometry in a research note on Friday, May 8th. Six investment 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, Xometry currently has an average rating of “Hold” and a consensus 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.