Xometry, Inc. (NASDAQ:XMTR) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,058 shares of the company’s stock after selling 46,672 shares during the quarter. Blair William & Co. IL owned 0.90% of Xometry worth $7,416,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of XMTR. Quest Partners LLC purchased a new stake in shares of Xometry during the 4th quarter worth approximately $125,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after acquiring an additional 2,140 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Xometry by 13.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after acquiring an additional 894 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Xometry by 50,118.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock valued at $289,000 after buying an additional 8,019 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in Xometry in the 4th quarter valued at approximately $361,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Craig Hallum reduced their target price on Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Cantor Fitzgerald began coverage on Xometry in a research note on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 target price on the stock. JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Xometry in a research note on Tuesday, April 23rd. Finally, Citigroup reduced their price target on Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.71.

Insider Transactions at Xometry

In other Xometry news, insider Subir Dutt bought 10,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of $15.55 per share, with a total value of $155,500.00. Following the completion of the transaction, the insider now owns 46,864 shares in the company, valued at $728,735.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 2,286 shares of company stock valued at $27,662. 19.23% of the stock is currently owned by insiders.

Xometry Trading Down 0.9 %

Shares of XMTR traded down $0.13 during trading hours on Friday, hitting $14.20. The stock had a trading volume of 485,472 shares, compared to its average volume of 647,588. The company’s fifty day simple moving average is $14.02 and its 200 day simple moving average is $20.61. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.30 and a current ratio of 4.34. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $38.74. The firm has a market cap of $654.90 million, a P/E ratio of -10.37 and a beta of 0.52.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.02. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. The company had revenue of $122.69 million for the quarter, compared to analyst estimates of $119.00 million. Equities research analysts forecast that Xometry, Inc. will post -0.99 EPS for the current fiscal year.

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.