Zevenbergen Capital Investments LLC Boosts Stock Position in Xometry, Inc. $XMTR

Zevenbergen Capital Investments LLC raised its holdings in Xometry, Inc. (NASDAQ:XMTR) by 115.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 297,552 shares of the company’s stock after acquiring an additional 159,227 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Xometry were worth $30,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of XMTR. Integrated Wealth Concepts LLC bought a new position in shares of Xometry during the 2nd quarter valued at about $36,000. PNC Financial Services Group Inc. increased its stake in Xometry by 74.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,636 shares of the company’s stock worth $67,000 after purchasing an additional 697 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Xometry during the 2nd quarter worth approximately $97,000. Nykredit A S acquired a new stake in Xometry during the 2nd quarter worth approximately $103,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Xometry by 9.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock valued at $194,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Down 1.2%

XMTR stock traded down $1.32 during midday trading on Thursday, hitting $106.48. The company’s stock had a trading volume of 580,459 shares, compared to its average volume of 887,194. The company’s fifty day moving average price is $93.55 and its 200 day moving average price is $81.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 3.20. Xometry, Inc. has a twelve month low of $35.86 and a twelve month high of $112.94. The stock has a market capitalization of $5.52 billion, a P/E ratio of -177.46 and a beta of 1.23.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 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 the consensus estimate of $215.22 million. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. As a group, equities research analysts predict that Xometry, Inc. will post -0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on XMTR shares. Citigroup restated a “market outperform” rating on shares of Xometry in a report on Monday, September 21st. The Goldman Sachs Group upped their price objective on Xometry from $78.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wedbush started coverage on Xometry in a report on Thursday, July 16th. They set an “outperform” rating and a $126.00 price objective for the company. Royal Bank Of Canada lifted their target price on Xometry from $85.00 to $100.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $120.00 price target on shares of Xometry in a research report on Monday, September 21st. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Xometry presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.18.

Insider Buying and Selling at Xometry

In other news, Director Katharine Weymouth sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $95.23, for a total transaction of $476,150.00. Following the sale, the director owned 35,345 shares in the company, valued at $3,365,904.35. This represents a 12.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Randolph Altschuler sold 5,721 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $103.32, for a total value of $591,093.72. Following the completion of the sale, the director directly owned 423,029 shares of the company’s stock, valued at approximately $43,707,356.28. The trade was a 1.33% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 63,199 shares of company stock valued at $6,006,535 in the last ninety days. Insiders own 9.10% of the company’s stock.

Xometry Profile

Xometry, Inc is a digital manufacturing marketplace that connects businesses with a network of manufacturing suppliers. Its platform uses software and artificial intelligence to help customers obtain quotes, place orders, and manage production for custom parts and components.

The company supports a range of manufacturing processes, including computer numerical control machining, 3D printing, sheet metal fabrication, injection molding, and related services. Xometry serves customers across industries such as aerospace and defense, automotive, industrial machinery, consumer products, and healthcare.

Founded in 2013, Xometry has expanded its marketplace and digital manufacturing services internationally, serving customers and suppliers in North America, Europe, and Asia.