Xometry, Inc. (NASDAQ:XMTR) Holdings Boosted by Blair William & Co. IL

Blair William & Co. IL raised its stake in Xometry, Inc. (NASDAQ:XMTR) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 268,256 shares of the company’s stock after acquiring an additional 7,559 shares during the period. Blair William & Co. IL owned 0.54% of Xometry worth $11,444,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in XMTR. FMR LLC boosted its position in Xometry by 40.2% during the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after purchasing an additional 1,169,778 shares during the period. Baillie Gifford & Co. bought a new stake in Xometry in the fourth quarter valued at $30,297,000. Fred Alger Management LLC boosted its holdings in shares of Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock valued at $33,354,000 after acquiring an additional 312,971 shares during the period. Sylebra Capital LLC grew its position in shares of Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after acquiring an additional 288,151 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Xometry in the 4th quarter worth about $12,284,000. 97.31% of the stock is owned by institutional investors.

Xometry Trading Down 2.7 %

Shares of XMTR stock opened at $25.89 on Friday. The stock has a 50-day simple moving average of $30.55 and a 200 day simple moving average of $28.98. The stock has a market capitalization of $1.30 billion, a P/E ratio of -24.66 and a beta of 0.69. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. UBS Group increased their price objective on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Citigroup reduced their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Wedbush reissued an “outperform” rating and set a $48.00 price target on shares of Xometry in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Xometry currently has a consensus rating of “Moderate Buy” and an average price target of $36.11.

Insider Buying and Selling at Xometry

In related news, COO Peter Goguen sold 3,000 shares of Xometry stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $34.50, for a total value of $103,500.00. Following the transaction, the chief operating officer now directly owns 164,993 shares in the company, valued at $5,692,258.50. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Miln sold 5,386 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the sale, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at approximately $4,331,586.57. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,965 shares of company stock valued at $2,050,643. 16.79% of the stock is owned by insiders.

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.