Fifth Third Bancorp Makes New $1.20 Million Investment in Xometry, Inc. $XMTR

Fifth Third Bancorp purchased a new position in Xometry, Inc. (NASDAQ:XMTR) during the 1st quarter, Holdings Channel.com reports. The firm purchased 29,413 shares of the company’s stock, valued at approximately $1,201,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kemnay Advisory Services Inc. purchased a new stake in shares of Xometry during the 4th quarter valued at about $28,000. Quantbot Technologies LP purchased a new stake in Xometry during the 3rd quarter valued at $30,000. GAMMA Investing LLC raised its stake in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after acquiring an additional 162 shares during the period. Leonteq Securities AG purchased a new stake in shares of Xometry in the fourth quarter valued at $59,000. Finally, Comerica Bank lifted its holdings in shares of Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after acquiring an additional 173 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XMTR. Citigroup upped their price target on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $78.00 price target on shares of Xometry in a research note on Friday, May 8th. Royal Bank Of Canada upped their price objective on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Wedbush started coverage on Xometry in a research report on Thursday, July 16th. They set an “outperform” rating and a $126.00 target price for the company. Finally, Citizens Jmp boosted their target price on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Six investment 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, Xometry currently has an average rating of “Hold” and an average target price of $84.25.

Insider Transactions at Xometry

In other Xometry news, Director Lukas Alexander Biewald bought 47,058 shares of Xometry stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the transaction, the director directly owned 55,134 shares of the company’s stock, valued at approximately $4,686,390. This represents a 582.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Subir Dutt sold 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $79.86, for a total value of $399,300.00. Following the sale, the insider owned 104,732 shares in the company, valued at $8,363,897.52. The trade was a 4.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 80,496 shares of company stock worth $7,124,340. 9.10% of the stock is owned by corporate insiders.

Xometry Trading Down 0.2%

NASDAQ:XMTR opened at $86.31 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The firm has a 50-day simple moving average of $91.31 and a 200-day simple moving average of $66.81. Xometry, Inc. has a one year low of $30.63 and a one year high of $106.08. The firm has a market cap of $4.47 billion, a P/E ratio of -84.62 and a beta of 1.27.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business had revenue of $205.14 million for the quarter, compared to the consensus estimate of $188.46 million. During the same period last year, the business posted ($0.05) EPS. The business’s revenue was up 35.9% compared to the same quarter last year. Equities analysts anticipate that Xometry, Inc. will post -0.06 EPS for the current fiscal year.

About Xometry

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.