Xometry, Inc. (NASDAQ:XMTR) Holdings Boosted by Blair William & Co. IL

Blair William & Co. IL raised its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 268,256 shares of the company’s stock after acquiring an additional 7,559 shares during the period. Blair William & Co. IL’s holdings in Xometry were worth $11,444,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Xometry during the third quarter valued at $355,000. Intech Investment Management LLC acquired a new position in shares of Xometry in the 3rd quarter valued at about $205,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Xometry by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock valued at $6,519,000 after purchasing an additional 16,396 shares during the period. FMR LLC lifted its position in shares of Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after purchasing an additional 1,169,778 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Xometry during the third quarter worth approximately $383,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Insider Transactions at Xometry

In other Xometry news, COO Peter Goguen sold 940 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the transaction, the chief operating officer now owns 167,993 shares of the company’s stock, valued at $7,116,183.48. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total value of $733,255.60. Following the completion of the sale, the chief executive officer now directly owns 256,570 shares in the company, valued at approximately $6,824,762. This represents a 9.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,965 shares of company stock worth $2,050,643. 16.79% of the stock is owned by insiders.

Xometry Stock Down 2.7 %

Shares of Xometry stock opened at $25.89 on Friday. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The stock has a 50 day moving average price of $30.55 and a two-hundred day moving average price of $28.98. The stock has a market capitalization of $1.30 billion, a P/E ratio of -24.66 and a beta of 0.69.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XMTR. Royal Bank of Canada increased their target price on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upgraded Xometry from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. JMP Securities restated a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Cantor Fitzgerald raised their price target on Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 26th. Finally, Citigroup lowered their price target on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Xometry has an average rating of “Moderate Buy” and an average target price of $36.11.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.