Titan Global Capital Management USA LLC Makes New $1.31 Million Investment in Xometry, Inc. $XMTR

Titan Global Capital Management USA LLC acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTR) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,134 shares of the company’s stock, valued at approximately $1,312,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Xometry by 26.5% during the fourth 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. Comerica Bank boosted its stake in Xometry by 17.9% in the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after purchasing an additional 173 shares during the period. M&T Bank Corp grew its holdings in Xometry by 2.1% in the 4th quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after buying an additional 180 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Xometry by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock valued at $194,000 after buying an additional 290 shares in the last quarter. Finally, Mariner LLC increased its position in Xometry by 3.2% during the 3rd quarter. Mariner LLC now owns 9,844 shares of the company’s stock worth $536,000 after buying an additional 301 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Price Performance

Xometry stock opened at $100.12 on Tuesday. The firm has a market cap of $5.19 billion, a PE ratio of -98.16 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The stock’s fifty day moving average price is $90.71 and its two-hundred day moving average price is $65.91. Xometry, Inc. has a one year low of $30.63 and a one year high of $102.00.

Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share 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 the consensus estimate of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The company’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) EPS. As a group, research analysts expect that Xometry, Inc. will post -0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XMTR. Royal Bank Of Canada lifted their target price on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Citizens Jmp lifted their price objective on shares of Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Citigroup lifted their price objective on shares of Xometry from $65.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Wedbush initiated coverage on shares of Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.25.

Insiders Place Their Bets

In related news, CTO Vaidyanathan Raghavan sold 1,866 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $93.21, for a total value of $173,929.86. Following the completion of the transaction, the chief technology officer owned 140,777 shares of the company’s stock, valued at $13,121,824.17. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Subir Dutt sold 5,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $79.86, for a total transaction of $399,300.00. Following the sale, the insider directly owned 104,732 shares of the company’s stock, valued at $8,363,897.52. This represents a 4.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 80,496 shares of company stock valued at $7,124,340 over the last 90 days. 9.10% of the stock is owned by company insiders.

Xometry 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.