Lukas Alexander Biewald Buys 47,058 Shares of Xometry (NASDAQ:XMTR) Stock

Xometry, Inc. (NASDAQ:XMTR) Director Lukas Alexander Biewald bought 47,058 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the completion of the transaction, the director owned 55,134 shares in the company, valued at approximately $4,686,390. This trade represents a 582.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Xometry Stock Performance

Shares of NASDAQ XMTR traded up $0.45 during trading hours on Thursday, reaching $82.70. The stock had a trading volume of 594,382 shares, compared to its average volume of 987,736. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of -81.08 and a beta of 1.27. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. Xometry, Inc. has a fifty-two week low of $29.60 and a fifty-two week high of $99.86. The firm has a 50-day moving average of $62.11 and a 200-day moving average of $58.53.

Xometry (NASDAQ:XMTR) last announced its 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. The firm had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business’s revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. Equities research analysts predict that Xometry, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

XMTR has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price on Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Xometry in a research report on Friday, May 8th. Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. UBS Group increased their price objective on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, Citizens Jmp increased their price objective on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Xometry presently has an average rating of “Hold” and a consensus price target of $76.00.

Institutional Trading of Xometry

Several hedge funds have recently modified their holdings of XMTR. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Xometry in the 4th quarter valued at approximately $76,393,000. Ameriprise Financial Inc. lifted its holdings in shares of Xometry by 54.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after buying an additional 690,558 shares during the period. Durable Capital Partners LP acquired a new stake in shares of Xometry in the 3rd quarter valued at approximately $36,455,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Xometry by 243.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 694,390 shares of the company’s stock valued at $29,015,000 after buying an additional 492,285 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock valued at $50,132,000 after buying an additional 451,259 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

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.