Yorktown Management & Research Co Inc Acquires Shares of 11,050 Xometry, Inc. $XMTR

Yorktown Management & Research Co Inc bought a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 11,050 shares of the company’s stock, valued at approximately $602,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Xometry by 5.0% in the 1st quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock valued at $1,511,000 after buying an additional 2,899 shares during the period. AQR Capital Management LLC bought a new position in shares of Xometry during the 1st quarter valued at about $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Xometry by 7.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock valued at $649,000 after buying an additional 1,877 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Xometry by 26.6% during the first quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock worth $11,281,000 after acquiring an additional 95,154 shares in the last quarter. Finally, Kopp Family Office LLC boosted its stake in Xometry by 25.1% in the 2nd quarter. Kopp Family Office LLC now owns 137,863 shares of the company’s stock worth $4,658,000 after purchasing an additional 27,635 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Price Performance

NASDAQ:XMTR opened at $61.75 on Friday. Xometry, Inc. has a 1-year low of $18.59 and a 1-year high of $69.26. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. The firm has a fifty day simple moving average of $61.09 and a 200 day simple moving average of $51.25. The stock has a market capitalization of $3.16 billion, a PE ratio of -49.40 and a beta of 0.86.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $180.72 million during the quarter, compared to the consensus estimate of $168.25 million. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. On average, research analysts expect that Xometry, Inc. will post -0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup reaffirmed an “outperform” rating on shares of Xometry in a research report on Wednesday, November 5th. JMP Securities set a $75.00 price target on Xometry in a research report on Wednesday, November 5th. Wedbush raised their price target on shares of Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their target price on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Five 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.89.

Insider Activity

In other news, CFO James Miln sold 6,203 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $66.51, for a total value of $412,561.53. Following the completion of the sale, the chief financial officer directly owned 134,397 shares of the company’s stock, valued at $8,938,744.47. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Subir Dutt sold 3,929 shares of Xometry stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $65.55, for a total value of $257,545.95. Following the transaction, the insider owned 67,419 shares of the company’s stock, valued at $4,419,315.45. This represents a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 63,436 shares of company stock valued at $4,165,072. 9.66% of the stock is owned by insiders.

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.