Quantinno Capital Management LP Boosts Stock Holdings in Xometry, Inc. $XMTR

Quantinno Capital Management LP boosted its position in Xometry, Inc. (NASDAQ:XMTR) by 759.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,694 shares of the company’s stock after purchasing an additional 28,890 shares during the period. Quantinno Capital Management LP’s holdings in Xometry were worth $1,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Inceptionr LLC purchased a new position in shares of Xometry during the 1st quarter worth approximately $301,000. Sei Investments Co. boosted its stake in shares of Xometry by 45.6% in the first quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock valued at $11,216,000 after buying an additional 85,989 shares in the last quarter. State of Wyoming boosted its stake in shares of Xometry by 28.2% in the first quarter. State of Wyoming now owns 6,605 shares of the company’s stock valued at $270,000 after buying an additional 1,452 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Xometry by 74.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after acquiring an additional 697 shares during the period. Finally, Titan Global Capital Management USA LLC purchased a new position in Xometry in the first quarter worth $1,312,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $94.47 on Friday. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -157.45 and a beta of 1.29. Xometry, Inc. has a 52 week low of $35.86 and a 52 week high of $106.08. The company’s 50-day moving average price is $91.03 and its 200 day moving average price is $69.30. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. As a group, research analysts forecast that Xometry, Inc. will post -0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on XMTR. Citizens Jmp raised their target price on Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. UBS Group raised their price objective on shares of Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their price objective on shares of Xometry from $85.00 to $100.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Citigroup upped their target price on shares of Xometry from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $101.88.

Insider Buying and Selling at Xometry

In related news, Director Lukas Alexander Biewald bought 47,058 shares of Xometry stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $85.00 per share, with a total value of $3,999,930.00. Following the purchase, the director owned 55,134 shares in the company, valued at $4,686,390. This represents a 582.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Miln sold 2,392 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $93.29, for a total value of $223,149.68. Following the sale, the chief financial officer owned 179,131 shares in the company, valued at approximately $16,711,130.99. This trade represents a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 82,996 shares of company stock worth $7,436,098. 9.10% of the stock is currently owned by insiders.

Xometry Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.