New York State Common Retirement Fund Raises Holdings in Xometry, Inc. (NASDAQ:XMTR)

New York State Common Retirement Fund raised its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,093,862 shares of the company’s stock after acquiring an additional 94,436 shares during the quarter. New York State Common Retirement Fund’s holdings in Xometry were worth $39,281,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Xometry by 29.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock valued at $5,080,000 after purchasing an additional 67,443 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Xometry by 6.3% during the 3rd quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company’s stock valued at $112,598,000 after buying an additional 390,933 shares during the period. Graham Capital Management L.P. bought a new position in shares of Xometry during the 3rd quarter valued at $332,000. Vanguard Group Inc. lifted its holdings in shares of Xometry by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,773,652 shares of the company’s stock valued at $64,077,000 after buying an additional 161,226 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of Xometry during the 3rd quarter valued at $344,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Xometry Price Performance

Shares of Xometry stock opened at $16.89 on Thursday. The company has a quick ratio of 4.25, a current ratio of 4.28 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average is $19.97 and its 200 day moving average is $23.75. Xometry, Inc. has a one year low of $12.45 and a one year high of $38.74.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $128.15 million for the quarter, compared to the consensus estimate of $127.78 million. Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. On average, equities research analysts forecast that Xometry, Inc. will post -0.64 EPS for the current fiscal year.

Insider Activity

In other news, CFO James M. Rallo sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total transaction of $154,250.00. Following the completion of the transaction, the chief financial officer now owns 44,381 shares in the company, valued at $1,369,153.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO James M. Rallo sold 5,000 shares of Xometry stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total value of $154,250.00. Following the completion of the transaction, the chief financial officer now owns 44,381 shares in the company, valued at $1,369,153.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Peter Goguen sold 3,943 shares of Xometry stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the transaction, the chief operating officer now owns 197,211 shares of the company’s stock, valued at approximately $3,472,885.71. The disclosure for this sale can be found here. Insiders sold a total of 11,243 shares of company stock worth $279,642 over the last 90 days. Corporate insiders own 19.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on XMTR. Royal Bank of Canada lowered their price target on Xometry from $38.00 to $23.00 and set a “sector perform” rating on the stock in a report on Friday, March 1st. The Goldman Sachs Group lowered their price target on Xometry from $46.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, March 1st. JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Xometry in a report on Tuesday. TheStreet cut Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. Finally, UBS Group decreased their target price on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.67.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.