AlphaCentric Advisors LLC Takes $533,000 Position in Xometry, Inc. (NASDAQ:XMTR)

AlphaCentric Advisors LLC bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR) in the 4th quarter, Holdings Channel.com reports. The fund bought 12,500 shares of the company’s stock, valued at approximately $533,000.

Several other large investors also recently bought and sold shares of the stock. Raymond James & Associates raised its stake in Xometry by 0.6% in the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock valued at $5,290,000 after buying an additional 1,586 shares in the last quarter. US Bancorp DE boosted its position in shares of Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after acquiring an additional 2,037 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Xometry by 1.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company’s stock valued at $9,120,000 after acquiring an additional 2,375 shares during the last quarter. State Street Corp raised its position 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 in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Xometry by 5.7% during the 4th quarter. Rhumbline Advisers now owns 59,367 shares of the company’s stock worth $2,533,000 after acquiring an additional 3,180 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Trading Down 2.4 %

Shares of XMTR opened at $37.45 on Monday. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33. The firm has a 50-day simple moving average of $36.89 and a 200-day simple moving average of $26.99.

Analysts Set New Price Targets

Several equities analysts have commented on XMTR shares. The Goldman Sachs Group increased their price target on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Cantor Fitzgerald reiterated an “underweight” rating and set a $12.00 price target on shares of Xometry in a research note on Wednesday, November 6th. Wedbush reissued an “outperform” rating and issued a $48.00 price target on shares of Xometry in a research report on Friday, December 20th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. Finally, UBS Group boosted their target price on Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Xometry currently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Insider Buying and Selling at Xometry

In other news, CFO James Miln sold 5,386 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the sale, the chief financial officer now owns 102,329 shares in the company, valued at approximately $4,331,586.57. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Peter Goguen sold 3,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $34.50, for a total transaction of $103,500.00. Following the transaction, the chief operating officer now owns 164,993 shares in the company, valued at approximately $5,692,258.50. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,312 shares of company stock valued at $517,537 in the last ninety days. Insiders own 16.79% of the company’s stock.

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.