Inspire Investing LLC Purchases 6,134 Shares of Xometry, Inc. $XMTR

Inspire Investing LLC acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,134 shares of the company’s stock, valued at approximately $631,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Xometry by 243.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock worth $29,015,000 after purchasing an additional 492,285 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Xometry by 26.9% in the second quarter. Wellington Management Group LLP now owns 1,322,581 shares of the company’s stock worth $127,656,000 after acquiring an additional 280,491 shares during the last quarter. Zevenbergen Capital Investments LLC raised its holdings in shares of Xometry by 115.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 297,552 shares of the company’s stock worth $30,603,000 after acquiring an additional 159,227 shares in the last quarter. Sylebra Capital LLC boosted its position in Xometry by 31.3% during the first quarter. Sylebra Capital LLC now owns 535,624 shares of the company’s stock valued at $21,875,000 after purchasing an additional 127,637 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Xometry by 45.6% in the first quarter. Sei Investments Co. now owns 274,641 shares of the company’s stock valued at $11,216,000 after purchasing an additional 85,989 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Raymond James Financial set a $120.00 price target on Xometry in a report on Tuesday, September 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a report on Wednesday, August 26th. Cantor Fitzgerald reissued an “overweight” rating on shares of Xometry in a research report on Tuesday. BNP Paribas Exane initiated coverage on Xometry in a research note on Friday, September 18th. They set an “outperform” rating and a $120.00 price target for the company. Finally, UBS Group raised their price objective on Xometry from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.18.

Xometry Trading Down 7.1%

Shares of XMTR stock opened at $93.65 on Friday. The company has a current ratio of 3.21, a quick ratio of 3.20 and a debt-to-equity ratio of 0.41. Xometry, Inc. has a 1 year low of $35.86 and a 1 year high of $112.94. The firm’s fifty day simple moving average is $96.13 and its 200 day simple moving average is $76.07. The firm has a market capitalization of $4.85 billion, a P/E ratio of -156.08 and a beta of 1.23.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Xometry had a negative net margin of 3.82% and a negative return on equity of 2.88%. The company had revenue of $229.28 million for the quarter, compared to analyst estimates of $215.22 million. During the same period last year, the business posted $0.09 EPS. The business’s quarterly revenue was up 41.1% on a year-over-year basis. As a group, sell-side analysts predict that Xometry, Inc. will post -0.01 EPS for the current year.

Insider Activity

In other news, Director Fabio Rosati sold 8,100 shares of Xometry stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $91.45, for a total transaction of $740,745.00. Following the sale, the director owned 93,567 shares of the company’s stock, valued at approximately $8,556,702.15. This trade represents a 7.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Randolph Altschuler sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $90.82, for a total value of $908,200.00. Following the completion of the transaction, the director directly owned 551,270 shares of the company’s stock, valued at approximately $50,066,341.40. This trade represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 64,699 shares of company stock valued at $6,169,735. Corporate insiders own 9.10% of the company’s stock.

Xometry Profile

Xometry, Inc (NASDAQ:XMTR) operates a technology-driven marketplace that connects businesses seeking custom parts with a network of manufacturing suppliers. Its platform uses automated pricing, manufacturability analysis and digital workflows to help customers source parts and manage production more efficiently.

The company supports a range of manufacturing processes, including CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other specialized production services.