Eventide Asset Management LLC Has $169.87 Million Holdings in Xometry, Inc. $XMTR

Eventide Asset Management LLC lowered its stake in Xometry, Inc. (NASDAQ:XMTR) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,117,906 shares of the company’s stock after selling 39,940 shares during the quarter. Xometry makes up approximately 2.8% of Eventide Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Eventide Asset Management LLC owned approximately 6.14% of Xometry worth $169,870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XMTR. Sylebra Capital LLC boosted its holdings in shares of Xometry by 9.6% in the 2nd quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock valued at $69,680,000 after buying an additional 180,533 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after buying an additional 690,558 shares during the last quarter. First Trust Advisors LP raised its position in Xometry by 12.8% during the third quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock worth $78,616,000 after acquiring an additional 164,278 shares in the last quarter. Geode Capital Management LLC raised its position in Xometry by 0.9% during the second quarter. Geode Capital Management LLC now owns 1,084,117 shares of the company’s stock worth $36,637,000 after acquiring an additional 9,360 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Xometry by 1.0% in the second quarter. New York State Common Retirement Fund now owns 951,142 shares of the company’s stock valued at $32,139,000 after acquiring an additional 9,054 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Trading Up 2.3%

Shares of NASDAQ:XMTR opened at $36.92 on Friday. Xometry, Inc. has a 12-month low of $18.59 and a 12-month high of $73.87. The stock has a market cap of $1.91 billion, a PE ratio of -30.26 and a beta of 0.90. The business has a 50 day moving average of $56.38 and a 200-day moving average of $55.69. The company has a quick ratio of 3.72, a current ratio of 3.76 and a debt-to-equity ratio of 1.18.

Xometry (NASDAQ:XMTR) last announced its earnings results on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $192.40 million for the quarter, compared to analyst estimates of $183.37 million. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. As a group, equities research analysts forecast that Xometry, Inc. will post -0.66 earnings per share for the current year.

Analysts Set New Price Targets

XMTR has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st. William Blair reissued an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Royal Bank Of Canada reduced their price objective on shares of Xometry from $64.00 to $55.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th. Finally, Citigroup decreased their price objective on shares of Xometry from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.00.

Insider Activity

In related news, insider Subir Dutt sold 3,929 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $65.55, for a total value of $257,545.95. Following the transaction, the insider directly owned 67,419 shares in the company, valued at approximately $4,419,315.45. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Sanjeev Singh Sahni sold 26,190 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $65.47, for a total transaction of $1,714,659.30. Following the transaction, the president directly owned 63,130 shares in the company, valued at approximately $4,133,121.10. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 127,852 shares of company stock worth $6,993,940. Corporate insiders own 9.66% of the company’s stock.

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.