Hussman Strategic Advisors Inc. Invests $486,000 in Xometry, Inc. (NASDAQ:XMTR)

Hussman Strategic Advisors Inc. purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 42,000 shares of the company’s stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Xometry by 13.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock valued at $266,000 after purchasing an additional 894 shares in the last quarter. Natixis Advisors L.P. purchased a new position in Xometry during the 4th quarter valued at about $361,000. Lisanti Capital Growth LLC bought a new stake in shares of Xometry during the fourth quarter valued at about $4,972,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Xometry by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,341 shares of the company’s stock worth $10,929,000 after buying an additional 5,144 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Xometry in the fourth quarter valued at approximately $709,000. Institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Craig Hallum decreased their target price on shares of Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Citigroup decreased their price target on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. JMP Securities reissued a “market outperform” rating and set a $27.00 price objective on shares of Xometry in a research note on Tuesday, July 23rd. Finally, Cantor Fitzgerald cut their price objective on Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Xometry currently has an average rating of “Hold” and an average price target of $22.14.

Xometry Stock Performance

Shares of NASDAQ:XMTR opened at $19.64 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.64 and a quick ratio of 4.60. The business has a 50-day simple moving average of $15.06 and a two-hundred day simple moving average of $16.91. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $38.74.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.13. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The firm had revenue of $132.60 million during the quarter, compared to analysts’ expectations of $128.65 million. During the same period in the previous year, the company earned ($0.55) earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts forecast that Xometry, Inc. will post -0.81 EPS for the current fiscal year.

Xometry Company Profile

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.