Alliancebernstein L.P. Purchases 8,610 Shares of Xometry, Inc. (NASDAQ:XMTR)

Alliancebernstein L.P. increased its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 24.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 43,190 shares of the company’s stock after acquiring an additional 8,610 shares during the period. Alliancebernstein L.P.’s holdings in Xometry were worth $1,842,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Xometry in the fourth quarter worth approximately $27,000. Arizona State Retirement System grew its stake in Xometry by 7.9% in the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company’s stock worth $520,000 after buying an additional 891 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Xometry in the 4th quarter worth $73,000. Allspring Global Investments Holdings LLC raised its position in shares of Xometry by 1.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company’s stock valued at $9,120,000 after buying an additional 2,375 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Xometry by 0.3% during the 3rd quarter. State Street Corp now owns 887,139 shares of the company’s stock worth $16,297,000 after acquiring an additional 3,027 shares during the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XMTR. JMP Securities restated a “market outperform” rating and set a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. Citigroup lowered their price objective on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 27th. UBS Group upped their price objective on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Cantor Fitzgerald lifted their target price on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 26th. Finally, 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 research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.11.

Xometry Price Performance

Shares of Xometry stock opened at $22.04 on Friday. The business has a 50 day moving average of $26.51 and a 200 day moving average of $29.27. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The company has a market cap of $1.11 billion, a PE ratio of -20.99 and a beta of 0.72. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

Insider Buying and Selling at Xometry

In related news, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction that occurred on 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 directly owns 256,570 shares in the company, valued at $6,824,762. The trade was a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Emily Rollins sold 2,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares of the company’s stock, valued at approximately $333,576.36. This trade represents a 11.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,256 shares of company stock valued at $2,012,889. 16.79% of the stock is currently owned by company insiders.

Xometry 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.