Rhumbline Advisers Acquires 1,315 Shares of Xometry, Inc. (NASDAQ:XMTR)

Rhumbline Advisers increased its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 2.2% during the first quarter, Holdings Channel.com reports. The firm owned 60,682 shares of the company’s stock after buying an additional 1,315 shares during the period. Rhumbline Advisers’ holdings in Xometry were worth $1,512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XMTR. State of Wyoming lifted its position in Xometry by 8.2% during the fourth quarter. State of Wyoming now owns 8,876 shares of the company’s stock valued at $379,000 after acquiring an additional 676 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Xometry during the fourth quarter valued at approximately $259,000. Truist Financial Corp purchased a new stake in Xometry during the fourth quarter valued at approximately $225,000. Principal Financial Group Inc. purchased a new stake in Xometry during the fourth quarter valued at approximately $1,258,000. Finally, Envestnet Asset Management Inc. lifted its position in Xometry by 34.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 35,294 shares of the company’s stock valued at $1,506,000 after acquiring an additional 8,970 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on XMTR shares. UBS Group increased their target price on shares of Xometry from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. increased their target price on shares of Xometry from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group increased their target price on shares of Xometry from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Royal Bank Of Canada raised their price target on shares of Xometry from $32.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Finally, Cantor Fitzgerald raised their price target on shares of Xometry from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.78.

Xometry Trading Up 5.8%

NASDAQ XMTR opened at $32.85 on Thursday. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91. The company has a fifty day simple moving average of $29.74 and a two-hundred day simple moving average of $31.31. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33. The stock has a market cap of $1.66 billion, a P/E ratio of -33.18 and a beta of 0.84.

Insider Buying and Selling

In related news, Director Emily Rollins sold 2,000 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares of the company’s stock, valued at $333,576.36. This trade represents a 11.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James Miln sold 1,346 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total transaction of $33,824.98. Following the transaction, the chief financial officer now directly owns 144,713 shares of the company’s stock, valued at approximately $3,636,637.69. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,658 shares of company stock valued at $641,813 over the last 90 days. Insiders own 9.66% of the company’s stock.

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.