Baird Financial Group Inc. Has $536,000 Holdings in Xometry, Inc. (NASDAQ:XMTR)

Baird Financial Group Inc. lessened its position in shares of Xometry, Inc. (NASDAQ:XMTRGet Rating) by 50.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 15,790 shares of the company’s stock after selling 15,782 shares during the quarter. Baird Financial Group Inc.’s holdings in Xometry were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Xometry during the 1st quarter worth approximately $33,000. Ensign Peak Advisors Inc bought a new position in shares of Xometry during the 1st quarter worth approximately $61,000. Ameritas Investment Partners Inc. lifted its position in shares of Xometry by 209.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock worth $70,000 after buying an additional 1,296 shares during the period. Amalgamated Bank bought a new position in shares of Xometry during the 1st quarter worth approximately $113,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Xometry during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 95.80% of the company’s stock.

Xometry Trading Down 1.6 %

Shares of XMTR opened at $42.56 on Monday. The stock has a fifty day moving average price of $55.48 and a two-hundred day moving average price of $44.45. The company has a debt-to-equity ratio of 0.71, a quick ratio of 6.90 and a current ratio of 6.30. Xometry, Inc. has a 52-week low of $26.61 and a 52-week high of $64.35. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -26.11 and a beta of -0.14.

Insider Activity

In other news, Director Laurence Zuriff sold 6,000 shares of Xometry stock in a transaction on Friday, November 18th. The stock was sold at an average price of $42.43, for a total value of $254,580.00. Following the completion of the sale, the director now directly owns 835,286 shares of the company’s stock, valued at approximately $35,441,184.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Laurence Zuriff sold 6,000 shares of Xometry stock in a transaction on Friday, November 18th. The stock was sold at an average price of $42.43, for a total value of $254,580.00. Following the completion of the sale, the director now directly owns 835,286 shares of the company’s stock, valued at approximately $35,441,184.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter Goguen sold 4,000 shares of Xometry stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $54.00, for a total value of $216,000.00. Following the completion of the sale, the chief operating officer now directly owns 116,252 shares of the company’s stock, valued at $6,277,608. The disclosure for this sale can be found here. In the last ninety days, insiders sold 169,140 shares of company stock valued at $9,651,530. Company insiders own 30.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on XMTR shares. The Goldman Sachs Group cut their target price on Xometry from $64.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 14th. JPMorgan Chase & Co. cut their target price on Xometry from $100.00 to $65.00 in a research report on Wednesday, August 24th. Royal Bank of Canada cut their price objective on Xometry from $60.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, November 11th. UBS Group cut their price objective on Xometry from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, November 11th. Finally, CL King lifted their price objective on Xometry from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.33.

Xometry Profile

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Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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Institutional Ownership by Quarter for Xometry (NASDAQ:XMTR)

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