Peregrine Investment Management Inc. Purchases 28,130 Shares of Xometry, Inc. $XMTR

Peregrine Investment Management Inc. boosted its position in Xometry, Inc. (NASDAQ:XMTR) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,130 shares of the company’s stock after acquiring an additional 28,130 shares during the quarter. Xometry accounts for approximately 4.0% of Peregrine Investment Management Inc.’s portfolio, making the stock its 18th largest holding. Peregrine Investment Management Inc.’s holdings in Xometry were worth $6,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after purchasing an additional 690,558 shares during the period. Durable Capital Partners LP purchased a new position in shares of Xometry during the third quarter valued at approximately $36,455,000. Wellington Management Group LLP lifted its holdings in shares of Xometry by 26.3% during the third quarter. Wellington Management Group LLP now owns 947,045 shares of the company’s stock valued at $51,586,000 after purchasing an additional 197,297 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Xometry by 476.1% during the second quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock valued at $8,055,000 after purchasing an additional 197,013 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Xometry by 12.8% during the third quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock valued at $78,616,000 after purchasing an additional 164,278 shares during the last quarter. 97.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. William Blair reissued an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Royal Bank Of Canada boosted their target price on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research note on Friday. Zacks Research raised shares of Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xometry in a report on Wednesday, January 21st. Finally, UBS Group upped their target price on shares of Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $76.00.

Xometry Stock Up 3.9%

Shares of NASDAQ XMTR opened at $83.92 on Wednesday. The firm’s 50-day moving average price is $46.47 and its 200-day moving average price is $54.80. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -82.27 and a beta of 1.01. Xometry, Inc. has a 12-month low of $29.60 and a 12-month high of $84.08.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $205.14 million during the quarter, compared to the consensus estimate of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, equities research analysts anticipate that Xometry, Inc. will post -0.27 EPS for the current fiscal year.

Insider Buying and Selling at Xometry

In other news, CTO Vaidyanathan Raghavan sold 4,572 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $43.44, for a total transaction of $198,607.68. Following the transaction, the chief technology officer directly owned 64,304 shares of the company’s stock, valued at approximately $2,793,365.76. This trade represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Subir Dutt sold 2,410 shares of Xometry stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $43.47, for a total transaction of $104,762.70. Following the transaction, the insider directly owned 88,633 shares in the company, valued at approximately $3,852,876.51. The trade was a 2.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 64,991 shares of company stock valued at $2,822,263. 9.10% of the stock is owned by corporate insiders.

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.