SG Americas Securities LLC Has $303,000 Stake in Xometry, Inc. $XMTR

SG Americas Securities LLC lowered its stake in Xometry, Inc. (NASDAQ:XMTR) by 94.6% in the first quarter, Holdings Channel reports. The fund owned 7,410 shares of the company’s stock after selling 129,924 shares during the quarter. SG Americas Securities LLC’s holdings in Xometry were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Kemnay Advisory Services Inc. acquired a new position in Xometry during the 4th quarter worth approximately $28,000. Quantbot Technologies LP acquired a new stake in Xometry in the third quarter valued at approximately $30,000. GAMMA Investing LLC grew its stake in shares of Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after buying an additional 162 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Xometry during the fourth quarter worth $59,000. Finally, Comerica Bank increased its holdings in shares of Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after buying an additional 173 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Xometry news, CEO Randolph Altschuler sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $87.85, for a total value of $4,392,500.00. Following the sale, the chief executive officer owned 455,248 shares in the company, valued at approximately $39,993,536.80. The trade was a 9.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Subir Dutt sold 5,000 shares of Xometry stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $79.86, for a total value of $399,300.00. Following the completion of the transaction, the insider directly owned 104,732 shares in the company, valued at approximately $8,363,897.52. This represents a 4.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 80,496 shares of company stock worth $7,124,340. 9.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on XMTR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Royal Bank Of Canada boosted their price objective on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Citizens Jmp upped their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $78.00 target price on shares of Xometry in a research report on Friday, May 8th. Finally, Cantor Fitzgerald raised Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $76.00.

Xometry Trading Up 2.6%

Shares of NASDAQ XMTR opened at $96.07 on Friday. The firm has a 50 day moving average price of $87.00 and a two-hundred day moving average price of $64.48. The stock has a market cap of $4.98 billion, a P/E ratio of -94.19 and a beta of 1.27. Xometry, Inc. has a 52-week low of $30.63 and a 52-week high of $99.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The company had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Xometry’s revenue was up 35.9% compared to the same quarter last year. As a group, equities analysts forecast that Xometry, Inc. will post -0.06 EPS for the current year.

Xometry Company 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.