Inspire Investing LLC Buys New Stake in Xometry, Inc. $XMTR

Inspire Investing LLC purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,134 shares of the company’s stock, valued at approximately $631,000.

A number of other large investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in Xometry by 243.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after acquiring an additional 492,285 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Xometry by 26.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after purchasing an additional 280,491 shares in the last quarter. Zevenbergen Capital Investments LLC grew its stake in Xometry by 115.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after buying an additional 159,227 shares during the last quarter. Sylebra Capital LLC grew its position in Xometry by 31.3% during the 1st quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock worth $21,875,000 after acquiring an additional 127,637 shares during the last quarter. Finally, Sei Investments Co. grew its position in Xometry by 45.6% during the 1st quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock worth $11,216,000 after acquiring an additional 85,989 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on XMTR shares. Wedbush began coverage on Xometry in a research report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective for the company. Citigroup reissued a “market outperform” rating on shares of Xometry in a report on Monday, September 21st. BNP Paribas Exane assumed coverage on shares of Xometry in a research note on Friday, September 18th. They issued an “outperform” rating and a $120.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. initiated coverage on Xometry in a report on Monday, August 24th. They set an “overweight” rating and a $120.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.18.

Xometry Price Performance

Shares of XMTR stock opened at $93.65 on Friday. The company has a quick ratio of 3.20, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 12-month low of $35.86 and a 12-month high of $112.94. The firm has a fifty day moving average of $96.13 and a 200-day moving average of $76.07. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -156.08 and a beta of 1.23.

Xometry (NASDAQ:XMTR) last posted 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. Xometry had a negative return on equity of 2.88% and a negative net margin of 3.82%. The firm had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 41.1% on a year-over-year basis. On average, equities research analysts forecast that Xometry, Inc. will post -0.01 earnings per share for the current year.

Insider Activity at Xometry

In other Xometry news, Director Katharine Weymouth sold 5,000 shares of Xometry stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $95.23, for a total value of $476,150.00. Following the transaction, the director owned 35,345 shares of the company’s stock, valued at approximately $3,365,904.35. The trade was a 12.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the director directly owned 423,029 shares of the company’s stock, valued at $43,707,356.28. This represents a 1.33% 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. Over the last 90 days, 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.