Posted by admin on Jul 20th, 2022
Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Xometry, Inc. (NASDAQ:XMTR – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,834 shares of the company’s stock, valued at approximately $67,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Highland Management Partners 9 LLC bought a new stake in shares of Xometry during the fourth quarter worth about $281,740,000. Foundry Group LLC bought a new stake in shares of Xometry during the fourth quarter worth about $167,923,000. JPMorgan Chase & Co. grew its holdings in shares of Xometry by 66.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,887,666 shares of the company’s stock worth $96,742,000 after purchasing an additional 753,701 shares during the last quarter. Capital World Investors grew its holdings in shares of Xometry by 96.0% during the fourth quarter. Capital World Investors now owns 1,378,500 shares of the company’s stock worth $70,648,000 after purchasing an additional 675,250 shares during the last quarter. Finally, Eventide Asset Management LLC grew its holdings in shares of Xometry by 28.4% during the fourth quarter. Eventide Asset Management LLC now owns 954,030 shares of the company’s stock worth $48,894,000 after purchasing an additional 211,228 shares during the last quarter. 77.31% of the stock is currently owned by institutional investors.
Shares of XMTR stock opened at $36.07 on Wednesday. The business’s 50 day simple moving average is $33.52 and its 200 day simple moving average is $39.68. Xometry, Inc. has a one year low of $26.61 and a one year high of $83.21. The stock has a market capitalization of $1.60 billion and a PE ratio of -13.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 7.86 and a quick ratio of 7.82.
Xometry (NASDAQ:XMTR – Get Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.09. Xometry had a negative return on equity of 23.42% and a negative net margin of 27.47%. The firm had revenue of $83.67 million for the quarter, compared to analyst estimates of $81.02 million. As a group, research analysts forecast that Xometry, Inc. will post -1.02 earnings per share for the current year.
In other Xometry news, CFO James M. Rallo sold 23,529 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $35.06, for a total value of $824,926.74. Following the transaction, the chief financial officer now directly owns 21,687 shares of the company’s stock, valued at $760,346.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director George Hornig sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $32.95, for a total transaction of $329,500.00. Following the transaction, the director now directly owns 124,851 shares of the company’s stock, valued at $4,113,840.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James M. Rallo sold 23,529 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $35.06, for a total value of $824,926.74. Following the transaction, the chief financial officer now directly owns 21,687 shares in the company, valued at $760,346.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,244 shares of company stock valued at $4,745,003.
Several analysts have recently weighed in on the company. CL King reduced their price target on Xometry from $65.00 to $55.00 in a report on Thursday, May 12th. The Goldman Sachs Group reduced their target price on Xometry from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, June 9th. Finally, Loop Capital reduced their target price on Xometry from $50.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.33.
Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.
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