Y Intercept Hong Kong Ltd Sells 44,399 Shares of Xometry, Inc. $XMTR

Y Intercept Hong Kong Ltd trimmed its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 88.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,021 shares of the company’s stock after selling 44,399 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Xometry were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XMTR. Advisors Asset Management Inc. increased its holdings in shares of Xometry by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 1,015 shares of the company’s stock worth $34,000 after buying an additional 412 shares in the last quarter. Westend Capital Management LLC acquired a new position in Xometry in the 3rd quarter worth about $41,000. Global Retirement Partners LLC bought a new position in Xometry in the third quarter valued at about $47,000. KBC Group NV acquired a new stake in shares of Xometry during the second quarter valued at about $55,000. Finally, Centaurus Financial Inc. bought a new stake in shares of Xometry during the second quarter worth about $117,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insider Activity

In related news, President Sanjeev Singh Sahni sold 26,190 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $65.47, for a total transaction of $1,714,659.30. Following the transaction, the president owned 63,130 shares in the company, valued at $4,133,121.10. The trade was a 29.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Vaidyanathan Raghavan sold 3,570 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $66.51, for a total transaction of $237,440.70. Following the completion of the sale, the chief technology officer owned 38,397 shares of the company’s stock, valued at $2,553,784.47. The trade was a 8.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 64,035 shares of company stock worth $4,200,401. Company insiders own 9.66% of the company’s stock.

Xometry Stock Performance

Shares of XMTR opened at $60.70 on Thursday. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $61.61 and its two-hundred day simple moving average is $53.72. Xometry, Inc. has a 12 month low of $18.59 and a 12 month high of $69.26. The stock has a market capitalization of $3.11 billion, a P/E ratio of -48.56 and a beta of 0.86.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The company had revenue of $180.72 million for the quarter, compared to the consensus estimate of $168.25 million. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue was up 27.5% compared to the same quarter last year. As a group, analysts predict that Xometry, Inc. will post -0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XMTR shares. Cantor Fitzgerald lifted their target price on shares of Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group boosted their price objective on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. JMP Securities set a $75.00 target price on Xometry in a research report on Wednesday, November 5th. Wedbush lifted their target price on Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Finally, Citizens Jmp upped their price target on Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Xometry presently has a consensus rating of “Hold” and an average target price of $57.89.

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.