Stephens Investment Management Group LLC Sells 64,267 Shares of Xometry, Inc. $XMTR

Stephens Investment Management Group LLC decreased its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 7.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 778,720 shares of the company’s stock after selling 64,267 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Xometry were worth $31,803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new position in Xometry in the 4th quarter valued at about $28,000. Quantbot Technologies LP acquired a new stake in Xometry during the third quarter worth approximately $30,000. GAMMA Investing LLC boosted its holdings in shares of Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after acquiring an additional 162 shares during the period. Leonteq Securities AG acquired a new position in shares of Xometry in the fourth quarter valued at approximately $59,000. Finally, Comerica Bank grew its position in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Stock Performance

Shares of XMTR stock opened at $91.82 on Friday. The stock has a market cap of $4.76 billion, a P/E ratio of -90.02 and a beta of 1.27. Xometry, Inc. has a 1 year low of $30.63 and a 1 year high of $99.86. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The stock has a 50 day simple moving average of $82.35 and a 200 day simple moving average of $63.30.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. On average, research analysts predict that Xometry, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XMTR has been the subject of several recent research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Citigroup increased their price objective on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price for the company in a research report on Thursday, April 30th. Finally, Citizens Jmp upped their price target on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.00.

Insider Buying and Selling

In related news, CFO James Miln sold 1,500 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $96.90, for a total value of $145,350.00. Following the transaction, the chief financial officer owned 183,023 shares in the company, valued at approximately $17,734,928.70. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lukas Alexander Biewald purchased 47,058 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the purchase, the director owned 55,134 shares of the company’s stock, valued at $4,686,390. This represents a 582.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 67,943 shares of company stock worth $5,947,601 over the last three months. Company insiders own 9.10% 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.