Xometry, Inc. $XMTR Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 12.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,443,283 shares of the company’s stock after purchasing an additional 164,278 shares during the period. First Trust Advisors LP owned 2.84% of Xometry worth $78,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC grew its stake in shares of Xometry by 248.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock valued at $29,053,000 after buying an additional 613,282 shares in the last quarter. Invesco Ltd. lifted its position in Xometry by 476.1% during the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after acquiring an additional 197,013 shares in the last quarter. Sylebra Capital LLC lifted its position in Xometry by 9.6% during the 2nd quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock worth $69,680,000 after acquiring an additional 180,533 shares in the last quarter. Castleark Management LLC purchased a new position in Xometry in the 2nd quarter worth approximately $4,340,000. Finally, Next Century Growth Investors LLC boosted its holdings in Xometry by 16.3% in the 2nd quarter. Next Century Growth Investors LLC now owns 772,593 shares of the company’s stock worth $26,106,000 after acquiring an additional 108,301 shares during the period. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Citigroup decreased their target price on shares of Xometry from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Wedbush lowered their price target on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. UBS Group lifted their price target on shares of Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Finally, William Blair reissued an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Xometry Trading Up 1.0%

NASDAQ XMTR opened at $43.82 on Tuesday. Xometry, Inc. has a 12 month low of $18.59 and a 12 month high of $73.87. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.76 and a quick ratio of 3.72. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -35.92 and a beta of 0.91. The company’s fifty day moving average price is $58.15 and its two-hundred day moving average price is $56.00.

Xometry (NASDAQ:XMTR) last released its earnings results on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $192.40 million during the quarter, compared to the consensus estimate of $183.37 million. Xometry had a negative net margin of 8.99% and a negative return on equity of 5.49%. The company’s revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS. As a group, research analysts predict that Xometry, Inc. will post -0.66 earnings per share for the current fiscal year.

Insider Transactions at Xometry

In other Xometry news, CEO Randolph Altschuler sold 31,928 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $43.44, for a total transaction of $1,386,952.32. Following the sale, the chief executive officer owned 372,377 shares in the company, valued at $16,176,056.88. This represents a 7.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Subir Dutt sold 2,410 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $43.47, for a total value of $104,762.70. Following the transaction, the insider directly owned 88,633 shares in the company, valued at approximately $3,852,876.51. This represents a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 127,852 shares of company stock valued at $6,993,940 over the last 90 days. Corporate insiders own 9.66% of the company’s stock.

Xometry Company Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.