6,625 Shares of Xometry, Inc. $XMTR Bought by MRA Advisory Group

MRA Advisory Group bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,625 shares of the company’s stock, valued at approximately $681,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new stake in shares of Xometry during the 2nd quarter worth approximately $247,000. IPG Investment Advisors LLC acquired a new position in shares of Xometry in the second quarter valued at $241,000. Integrated Wealth Concepts LLC acquired a new position in shares of Xometry in the second quarter valued at $36,000. Nykredit A S bought a new position in Xometry in the second quarter worth $103,000. Finally, Corient Private Wealth LP boosted its stake in Xometry by 1.6% during the second quarter. Corient Private Wealth LP now owns 23,196 shares of the company’s stock worth $2,239,000 after buying an additional 360 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wedbush assumed coverage on shares of Xometry in a research note on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective for the company. Cantor Fitzgerald upped their target price on shares of Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. JPMorgan Chase & Co. began coverage on Xometry in a report on Monday, August 24th. They set an “overweight” rating and a $120.00 price objective on the stock. Finally, BNP Paribas Exane initiated coverage on Xometry in a report on Friday, September 18th. They issued an “outperform” rating and a $120.00 target price for the company. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.18.

Insider Buying and Selling

In other news, Director Emily Rollins sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $84.31, for a total transaction of $421,550.00. Following the sale, the director directly owned 15,136 shares of the company’s stock, valued at $1,276,116.16. This represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Randolph Altschuler sold 10,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $90.82, for a total value of $908,200.00. Following the completion of the transaction, the director owned 551,270 shares in the company, valued at $50,066,341.40. The trade was a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 63,199 shares of company stock valued at $6,006,535. Insiders own 9.10% of the company’s stock.

Xometry Price Performance

Shares of XMTR traded down $2.28 on Wednesday, hitting $108.38. The company’s stock had a trading volume of 289,100 shares, compared to its average volume of 885,862. The company has a 50 day moving average price of $93.01 and a 200 day moving average price of $80.55. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $112.94. The company has a market capitalization of $5.62 billion, a PE ratio of -180.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%.The company had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was up 41.1% on a year-over-year basis. On average, research analysts anticipate that Xometry, Inc. will post -0.01 earnings per share for the current fiscal year.

About Xometry

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.