Xometry, Inc. (NASDAQ:XMTR) Position Boosted by US Bancorp DE

US Bancorp DE lifted its stake in Xometry, Inc. (NASDAQ:XMTR) by 57.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,570 shares of the company’s stock after purchasing an additional 2,037 shares during the quarter. US Bancorp DE’s holdings in Xometry were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in XMTR. Primecap Management Co. CA boosted its position in Xometry by 1.4% during the second quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock valued at $78,666,000 after purchasing an additional 93,350 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock valued at $65,488,000 after buying an additional 76,976 shares during the last quarter. Sylebra Capital LLC grew its stake in shares of Xometry by 134.2% in the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after buying an additional 864,454 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Xometry by 20.7% in the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after buying an additional 217,939 shares during the last quarter. Finally, Bellecapital International Ltd. bought a new position in Xometry during the second quarter valued at approximately $6,281,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on XMTR. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 target price on shares of Xometry in a research report on Wednesday, November 6th. UBS Group lifted their price objective on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Citigroup increased their target price on shares of Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum raised their target price on Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, JMP Securities upped their price target on Xometry from $34.00 to $42.00 and gave the stock a “market outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.71.

Insider Activity

In other news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the transaction, the chief technology officer now directly owns 82,918 shares in the company, valued at $1,529,837.10. The trade was a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emily Rollins sold 3,729 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $29.49, for a total value of $109,968.21. Following the completion of the sale, the director now directly owns 12,457 shares of the company’s stock, valued at $367,356.93. This represents a 23.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,633 shares of company stock valued at $1,201,730. 16.79% of the stock is owned by insiders.

Xometry Stock Performance

Shares of XMTR opened at $29.09 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. Xometry, Inc. has a one year low of $11.08 and a one year high of $38.74. The company’s fifty day moving average price is $20.98 and its 200 day moving average price is $17.30. The company has a market capitalization of $1.43 billion, a PE ratio of -27.70 and a beta of 0.55.

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.