Stephens Investment Management Group LLC Has $50.13 Million Stock Position in Xometry, Inc. $XMTR

Stephens Investment Management Group LLC lifted its stake in Xometry, Inc. (NASDAQ:XMTR) by 115.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 842,987 shares of the company’s stock after purchasing an additional 451,259 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Xometry were worth $50,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Xometry in the 3rd quarter valued at $30,000. GAMMA Investing LLC lifted its stake in Xometry by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after acquiring an additional 162 shares in the last quarter. Comerica Bank lifted its stake in Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Xometry by 283.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,508 shares of the company’s stock worth $82,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Highland Capital Management LLC purchased a new stake in Xometry in the 4th quarter worth about $223,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Down 4.3%

XMTR opened at $86.12 on Friday. Xometry, Inc. has a fifty-two week low of $29.60 and a fifty-two week high of $89.98. The business has a 50-day moving average of $49.16 and a 200-day moving average of $55.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The company has a market capitalization of $4.46 billion, a PE ratio of -84.43 and a beta of 1.01.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. During the same period last year, the business earned ($0.05) EPS. The business’s quarterly revenue was up 35.9% on a year-over-year basis. Equities research analysts forecast that Xometry, Inc. will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on XMTR shares. William Blair reissued an “outperform” rating on shares of Xometry in a research note on Tuesday, February 24th. Citigroup increased their price objective on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 price objective on shares of Xometry in a research note on Friday, May 8th. Royal Bank Of Canada increased their price objective on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $76.00.

Insider Activity at Xometry

In other news, CTO Vaidyanathan Raghavan sold 4,572 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $43.44, for a total transaction of $198,607.68. Following the completion of the sale, the chief technology officer directly owned 64,304 shares of the company’s stock, valued at $2,793,365.76. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katharine Weymouth purchased 1,215 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $41.15 per share, with a total value of $49,997.25. Following the completion of the purchase, the director directly owned 3,615 shares in the company, valued at approximately $148,757.25. This represents a 50.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 73,991 shares of company stock worth $3,553,598. 9.10% of the stock is currently owned by corporate insiders.

Xometry 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.