Natixis Advisors LLC Takes Position in Xometry, Inc. (NASDAQ:XMTR)

Natixis Advisors LLC acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTR) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 10,616 shares of the company’s stock, valued at approximately $453,000.

Several other large investors have also bought and sold shares of XMTR. FMR LLC raised its stake in Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after acquiring an additional 1,169,778 shares in the last quarter. Fred Alger Management LLC increased its position in Xometry by 20.8% during the 3rd quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock worth $33,354,000 after purchasing an additional 312,971 shares in the last quarter. Sylebra Capital LLC lifted its stake in Xometry by 19.1% in the 3rd quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after purchasing an additional 288,151 shares during the last quarter. Geode Capital Management LLC boosted its position in Xometry by 4.3% in the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock valued at $18,291,000 after buying an additional 41,341 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Xometry by 0.3% during the third quarter. State Street Corp now owns 887,139 shares of the company’s stock worth $16,297,000 after buying an additional 3,027 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Stock Performance

NASDAQ:XMTR opened at $26.60 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The company has a 50 day simple moving average of $30.69 and a two-hundred day simple moving average of $28.92. The company has a market capitalization of $1.34 billion, a PE ratio of -25.33 and a beta of 0.69.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XMTR. Royal Bank of Canada raised their price objective on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Cantor Fitzgerald lifted their price target on Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th. UBS Group upped their price objective on Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. JMP Securities reiterated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. Finally, Citigroup reduced their target price on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.11.

Insider Activity

In related news, CEO Randolph Altschuler sold 27,566 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $26.60, for a total transaction of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares in the company, valued at $6,824,762. This represents a 9.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Miln sold 25,852 shares of Xometry stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total value of $621,999.12. Following the completion of the sale, the chief financial officer now owns 105,238 shares of the company’s stock, valued at approximately $2,532,026.28. The trade was a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,965 shares of company stock valued at $2,050,643. 16.79% of the stock is currently 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.