Sheets Smith Investment Management Buys Shares of 17,678 Xometry, Inc. $XMTR

Sheets Smith Investment Management purchased a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,678 shares of the company’s stock, valued at approximately $963,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XMTR. AssuredPartners Investment Advisors LLC acquired a new position in shares of Xometry in the third quarter valued at approximately $282,000. Osaic Holdings Inc. boosted its position in Xometry by 27.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,438 shares of the company’s stock valued at $150,000 after buying an additional 948 shares during the period. Centaurus Financial Inc. acquired a new position in shares of Xometry in the second quarter worth $117,000. Squarepoint Ops LLC increased its position in shares of Xometry by 33.9% during the second quarter. Squarepoint Ops LLC now owns 183,799 shares of the company’s stock worth $6,211,000 after acquiring an additional 46,502 shares during the period. Finally, Sylebra Capital LLC raised its stake in shares of Xometry by 9.6% in the second quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock valued at $69,680,000 after acquiring an additional 180,533 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Stock Up 0.2%

XMTR opened at $59.28 on Friday. Xometry, Inc. has a 52 week low of $18.59 and a 52 week high of $69.26. The business has a 50 day moving average price of $55.97 and a two-hundred day moving average price of $46.67. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20. The company has a market cap of $3.04 billion, a PE ratio of -47.42 and a beta of 0.86.

Xometry (NASDAQ:XMTR) last issued its earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The business had revenue of $180.72 million during the quarter, compared to the consensus estimate of $168.25 million. During the same period in the prior year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, research analysts anticipate that Xometry, Inc. will post -0.66 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on XMTR shares. Wedbush boosted their target price on Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Citigroup reissued an “outperform” rating on shares of Xometry in a research report on Wednesday, November 5th. JMP Securities set a $75.00 target price on shares of Xometry in a report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price objective on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $57.89.

Insiders Place Their Bets

In other news, insider Subir Dutt sold 2,075 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $60.00, for a total value of $124,500.00. Following the sale, the insider directly owned 71,348 shares in the company, valued at $4,280,880. This represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Miln sold 599 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $62.11, for a total value of $37,203.89. Following the transaction, the chief financial officer directly owned 141,796 shares of the company’s stock, valued at $8,806,949.56. The trade was a 0.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 12,005 shares of company stock worth $631,147. Insiders own 9.66% of the company’s stock.

Xometry Company Profile

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.