Xometry, Inc. $XMTR Stock Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC cut its stake in Xometry, Inc. (NASDAQ:XMTR) by 39.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,955 shares of the company’s stock after selling 39,925 shares during the period. Xometry makes up 1.7% of Lisanti Capital Growth LLC’s holdings, making the stock its 11th largest position. Lisanti Capital Growth LLC’s holdings in Xometry were worth $6,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XMTR. Pictet Asset Management Holding SA increased its holdings in Xometry by 7.6% during the 3rd quarter. Pictet Asset Management Holding SA now owns 7,203 shares of the company’s stock worth $741,000 after purchasing an additional 508 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of Xometry in the third quarter valued at about $252,000. IPG Investment Advisors LLC lifted its holdings in shares of Xometry by 34.4% in the third quarter. IPG Investment Advisors LLC now owns 3,361 shares of the company’s stock valued at $346,000 after purchasing an additional 861 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Xometry by 7.4% during the third quarter. ProShare Advisors LLC now owns 6,507 shares of the company’s stock worth $669,000 after buying an additional 446 shares during the period. Finally, Vise Technologies Inc. acquired a new position in shares of Xometry during the third quarter worth about $216,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XMTR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. Rosenblatt Securities boosted their target price on Xometry from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Wedbush upped their price target on Xometry from $126.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Cantor Fitzgerald upped their price target on Xometry from $110.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Finally, The Goldman Sachs Group raised their price target on shares of Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.64.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $122.47 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.15 and a quick ratio of 3.13. The business has a 50-day moving average of $99.90 and a 200-day moving average of $78.11. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of -360.20 and a beta of 1.33. Xometry, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $127.49.

Xometry (NASDAQ:XMTR) last released its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The business had revenue of $252.44 million for the quarter, compared to analyst estimates of $235.54 million. Xometry had a positive return on equity of 0.18% and a negative net margin of 1.97%. Xometry’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. As a group, sell-side analysts predict that Xometry, Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Xometry

In related news, CEO Sanjeev Sahni sold 1,500 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $108.80, for a total value of $163,200.00. Following the completion of the transaction, the chief executive officer directly owned 178,291 shares of the company’s stock, valued at approximately $19,398,060.80. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Vaidyanathan Raghavan sold 1,866 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $103.28, for a total transaction of $192,720.48. Following the transaction, the chief technology officer owned 133,911 shares in the company, valued at approximately $13,830,328.08. The trade was a 1.37% decrease in their ownership of the stock. 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 quarter, insiders have sold 68,999 shares of company stock worth $6,887,818. Insiders own 9.10% of the company’s stock.

About Xometry

Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.