Ardsley Advisory Partners LP Invests $595,000 in Xometry, Inc. $XMTR

Ardsley Advisory Partners LP bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $595,000.

Other hedge funds also recently made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new stake in shares of Xometry during the 4th quarter worth $28,000. Quantbot Technologies LP bought a new stake in shares of Xometry during the 3rd quarter worth $30,000. GAMMA Investing LLC raised its stake in shares of Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after purchasing an additional 162 shares during the period. Leonteq Securities AG bought a new stake in shares of Xometry during the 4th quarter worth $59,000. Finally, Comerica Bank raised its stake in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after purchasing an additional 173 shares during the period. 97.31% of the stock is currently owned by institutional investors.

Xometry Trading Up 3.3%

Shares of Xometry stock opened at $88.86 on Thursday. Xometry, Inc. has a 52-week low of $30.63 and a 52-week high of $99.86. The stock’s 50-day simple moving average is $70.81 and its 200 day simple moving average is $60.42. The stock has a market capitalization of $4.61 billion, a P/E ratio of -87.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78.

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, 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 analysts’ expectations of $188.46 million. During the same period in the previous year, the business posted ($0.05) EPS. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. As a group, research analysts anticipate that Xometry, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on XMTR. Wedbush lowered their target price on Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Citigroup lifted their target price on Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Citizens Jmp lifted their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Finally, Zacks Research upgraded Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $76.00.

Insiders Place Their Bets

In other news, Director Lukas Alexander Biewald acquired 47,058 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $3,999,930.00. Following the purchase, the director owned 55,134 shares of the company’s stock, valued at approximately $4,686,390. The trade was a 582.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Emily Rollins sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $42.02, for a total value of $42,020.00. Following the completion of the sale, the director owned 15,136 shares in the company, valued at $636,014.72. This represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 68,943 shares of company stock worth $5,989,621 in the last ninety days. 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.