64,823 Shares of Xometry, Inc. $XMTR Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 64,823 shares of the company’s stock, valued at approximately $6,667,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XMTR. Park Avenue Securities LLC purchased a new position in shares of Xometry in the 3rd quarter worth approximately $691,000. Capelight Capital Asset Management LP lifted its holdings in Xometry by 20.7% during the third quarter. Capelight Capital Asset Management LP now owns 36,200 shares of the company’s stock worth $3,723,000 after acquiring an additional 6,200 shares during the period. Sterling Capital Management LLC lifted its holdings in Xometry by 949.7% during the third quarter. Sterling Capital Management LLC now owns 1,711 shares of the company’s stock worth $176,000 after acquiring an additional 1,548 shares during the period. Inspire Investing LLC bought a new stake in Xometry during the third quarter worth $631,000. Finally, Abel Hall LLC boosted its position in Xometry by 5.2% in the third quarter. Abel Hall LLC now owns 2,246 shares of the company’s stock worth $231,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Trading Up 1.1%

NASDAQ:XMTR opened at $100.82 on Friday. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $112.94. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $95.92 and its 200 day moving average is $75.92. The stock has a market capitalization of $5.22 billion, a PE ratio of -168.03 and a beta of 1.23.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $229.28 million during the quarter, compared to analyst estimates of $215.22 million. During the same period in the prior year, the company earned $0.09 earnings per share. Xometry’s revenue was up 41.1% compared to the same quarter last year. Sell-side analysts expect that Xometry, Inc. will post -0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XMTR shares. UBS Group upped their price objective on Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on Xometry in a research note on Monday, August 24th. They set an “overweight” rating and a $120.00 target price on the stock. Wedbush started coverage on shares of Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price target on the stock. BNP Paribas Exane assumed coverage on shares of Xometry in a report on Friday, September 18th. They issued an “outperform” rating and a $120.00 price target on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Xometry in a research report on Tuesday. Eight 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.18.

Insider Transactions at Xometry

In other news, Director Randolph Altschuler sold 5,721 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $103.32, for a total transaction of $591,093.72. Following the completion of the transaction, the director owned 423,029 shares in the company, valued at approximately $43,707,356.28. This represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Vaidyanathan Raghavan sold 1,866 shares of Xometry stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $103.28, for a total value of $192,720.48. Following the completion of the sale, the chief technology officer directly owned 133,911 shares of the company’s stock, valued at approximately $13,830,328.08. This trade represents a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 64,699 shares of company stock valued at $6,169,735. Corporate insiders own 9.10% of the company’s stock.

Xometry Profile

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.