Xometry, Inc. $XMTR Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Xometry, Inc. (NASDAQ:XMTR) by 759.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,694 shares of the company’s stock after purchasing an additional 28,890 shares during the period. Quantinno Capital Management LP owned 0.06% of Xometry worth $1,335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XMTR. Kemnay Advisory Services Inc. acquired a new position in shares of Xometry in the 4th quarter valued at $28,000. Quantbot Technologies LP acquired a new stake in Xometry during the 3rd quarter worth $30,000. Leonteq Securities AG purchased a new stake in Xometry in the fourth quarter valued at $59,000. Comerica Bank lifted its position in Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after acquiring an additional 173 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Xometry in the fourth quarter valued at $71,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XMTR. Royal Bank Of Canada lifted their target price on Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Citizens Jmp upped their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Citigroup raised their price target on Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Wedbush started coverage on Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price target on the stock. Finally, Cantor Fitzgerald boosted their price objective on Xometry from $85.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $101.88.

Xometry Trading Up 1.5%

NASDAQ XMTR opened at $94.47 on Friday. The firm’s fifty day moving average is $91.03 and its two-hundred day moving average is $69.30. Xometry, Inc. has a one year low of $35.86 and a one year high of $106.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.20 and a current ratio of 3.21. The firm has a market cap of $4.90 billion, a PE ratio of -157.45 and a beta of 1.29.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $229.28 million during the quarter, compared to the consensus estimate of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Analysts expect that Xometry, Inc. will post -0.02 earnings per share for the current year.

Insider Activity at Xometry

In other news, insider Subir Dutt sold 1,073 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $93.39, for a total transaction of $100,207.47. Following the completion of the sale, the insider owned 93,716 shares in the company, valued at $8,752,137.24. This represents a 1.13% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Fabio Rosati sold 1,900 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $89.72, for a total value of $170,468.00. Following the sale, the director owned 91,667 shares of the company’s stock, valued at $8,224,363.24. This trade represents a 2.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,996 shares of company stock worth $7,436,098 in the last ninety days. Company insiders own 9.10% of the company’s stock.

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.