Principal Financial Group Inc. Purchases 11,788 Shares of Xometry, Inc. $XMTR

Principal Financial Group Inc. grew its holdings in Xometry, Inc. (NASDAQ:XMTR) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,583 shares of the company’s stock after purchasing an additional 11,788 shares during the quarter. Principal Financial Group Inc. owned approximately 0.16% of Xometry worth $3,454,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in Xometry in the fourth quarter valued at approximately $28,000. Quantbot Technologies LP acquired a new stake in Xometry during the 3rd quarter worth $30,000. GAMMA Investing LLC grew its holdings in Xometry by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after acquiring an additional 162 shares during the period. Leonteq Securities AG bought a new stake in shares of Xometry during the 4th quarter valued at $59,000. Finally, Comerica Bank raised its position in shares of Xometry by 17.9% during the 3rd quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analyst Upgrades and Downgrades

XMTR has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Wedbush started coverage on Xometry in a report on Thursday, July 16th. They issued an “outperform” rating and a $126.00 price objective for the company. Citigroup increased their target price on Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Citizens Jmp boosted their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $84.25.

Xometry Stock Performance

Shares of XMTR stock opened at $80.97 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.76 and a current ratio of 1.78. The company has a market capitalization of $4.20 billion, a P/E ratio of -79.38 and a beta of 1.27. The company’s 50 day moving average price is $90.97 and its two-hundred day moving average price is $67.16. Xometry, Inc. has a 52 week low of $30.63 and a 52 week high of $106.08.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The company had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. On average, analysts expect that Xometry, Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Transactions at Xometry

In related news, CTO Vaidyanathan Raghavan sold 1,866 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were 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 directly owned 140,777 shares of the company’s stock, valued at approximately $13,121,824.17. This represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lukas Alexander Biewald purchased 47,058 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $3,999,930.00. Following the purchase, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 80,496 shares of company stock worth $7,124,340. Company insiders own 9.10% of the company’s stock.

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.