1,200 Shares in Xometry, Inc. (NASDAQ:XMTR) Bought by CoreCap Advisors LLC

CoreCap Advisors LLC bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,200 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XMTR. Global Retirement Partners LLC acquired a new stake in Xometry during the 4th quarter worth $27,000. Canada Pension Plan Investment Board acquired a new stake in Xometry during the 4th quarter worth $38,000. Comerica Bank boosted its stake in Xometry by 195.1% during the 4th quarter. Comerica Bank now owns 1,133 shares of the company’s stock worth $48,000 after purchasing an additional 749 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Xometry during the 4th quarter valued at about $73,000. Finally, Summit Investment Advisors Inc. boosted its position in shares of Xometry by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock valued at $190,000 after acquiring an additional 333 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Stock Up 7.2%

Shares of XMTR opened at $32.76 on Thursday. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.65 billion, a P/E ratio of -31.20 and a beta of 0.71. The company’s 50-day moving average price is $25.01 and its 200 day moving average price is $30.38. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33.

Insiders Place Their Bets

In other Xometry news, Director Emily Rollins sold 2,000 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the sale, the director now directly owns 16,146 shares in the company, valued at $333,576.36. This represents a 11.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Randolph Altschuler sold 9,331 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $25.16, for a total transaction of $234,767.96. Following the sale, the chief executive officer now owns 328,934 shares in the company, valued at $8,275,979.44. This trade represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,297 shares of company stock worth $2,214,438 over the last three months. Company insiders own 16.79% of the company’s stock.

Analysts Set New Price Targets

XMTR has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Xometry from $45.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reissued a “market outperform” rating and set a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. The Goldman Sachs Group boosted their price objective on shares of Xometry from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Cantor Fitzgerald boosted their price objective on shares of Xometry from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Wednesday, May 7th. Finally, Citigroup reduced their price objective on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.89.

Xometry 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.