Polar Asset Management Partners Inc. Buys Shares of 48,160 Xometry, Inc. $XMTR

Polar Asset Management Partners Inc. purchased a new position in Xometry, Inc. (NASDAQ:XMTR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 48,160 shares of the company’s stock, valued at approximately $2,623,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hood River Capital Management LLC grew its position in shares of Xometry by 29.7% during the 2nd quarter. Hood River Capital Management LLC now owns 404,853 shares of the company’s stock valued at $13,680,000 after buying an additional 92,741 shares during the last quarter. Peregrine Investment Management Inc. bought a new position in Xometry in the third quarter worth about $4,358,000. Squarepoint Ops LLC lifted its holdings in Xometry by 33.9% in the second quarter. Squarepoint Ops LLC now owns 183,799 shares of the company’s stock worth $6,211,000 after acquiring an additional 46,502 shares during the last quarter. First Trust Advisors LP boosted its stake in Xometry by 12.8% in the third quarter. First Trust Advisors LP now owns 1,443,283 shares of the company’s stock valued at $78,616,000 after acquiring an additional 164,278 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Xometry by 246.4% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 132,038 shares of the company’s stock valued at $7,192,000 after acquiring an additional 93,917 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XMTR has been the topic of a number of research reports. Zacks Research upgraded Xometry from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, January 21st. Wedbush lowered their price objective on Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. UBS Group increased their target price on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, Citigroup reduced their price target on shares of Xometry from $75.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Xometry currently has a consensus rating of “Hold” and a consensus target price of $62.00.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $39.94 on Friday. The firm’s 50 day moving average is $54.17 and its two-hundred day moving average is $55.37. The firm has a market capitalization of $2.07 billion, a P/E ratio of -32.74 and a beta of 0.90. The company has a current ratio of 3.76, a quick ratio of 3.72 and a debt-to-equity ratio of 1.18. Xometry, Inc. has a 52 week low of $18.59 and a 52 week high of $73.87.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.The business had revenue of $192.40 million during the quarter, compared to the consensus estimate of $183.37 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 29.5% on a year-over-year basis. Analysts anticipate that Xometry, Inc. will post -0.66 earnings per share for the current year.

Insider Activity

In other Xometry news, CFO James Miln sold 15,103 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $43.46, for a total transaction of $656,376.38. Following the completion of the transaction, the chief financial officer owned 173,123 shares in the company, valued at approximately $7,523,925.58. The trade was a 8.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Sanjeev Singh Sahni sold 9,978 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $43.45, for a total value of $433,544.10. Following the completion of the transaction, the president directly owned 113,022 shares of the company’s stock, valued at approximately $4,910,805.90. The trade was a 8.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 127,852 shares of company stock worth $6,993,940 over the last ninety days. 9.66% of the stock is currently owned by company 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.