Xometry, Inc. (NASDAQ:XMTR) Stake Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Xometry, Inc. (NASDAQ:XMTRFree Report) by 1.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 304,341 shares of the company’s stock after buying an additional 5,144 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Xometry were worth $10,929,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Xometry in the 3rd quarter valued at about $180,000. Dark Forest Capital Management LP acquired a new position in shares of Xometry in the 3rd quarter worth approximately $220,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Xometry by 13.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after purchasing an additional 894 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Xometry by 50,118.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock valued at $289,000 after purchasing an additional 8,019 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new stake in Xometry during the third quarter worth approximately $332,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XMTR has been the topic of several research reports. TheStreet cut Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. The Goldman Sachs Group cut their target price on Xometry from $46.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. UBS Group dropped their price target on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Xometry in a report on Tuesday, April 23rd. Finally, Citigroup dropped their target price on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Xometry presently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

View Our Latest Research Report on Xometry

Insider Activity at Xometry

In other Xometry news, COO Peter Goguen sold 3,943 shares of Xometry stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the completion of the sale, the chief operating officer now directly owns 197,211 shares in the company, valued at $3,472,885.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 5,243 shares of company stock valued at $93,002. 19.23% of the stock is owned by corporate insiders.

Xometry Stock Down 2.1 %

XMTR stock opened at $15.17 on Friday. The company has a 50 day moving average of $16.75 and a two-hundred day moving average of $23.74. The company has a market cap of $699.64 million, a price-to-earnings ratio of -11.15 and a beta of 0.65. Xometry, Inc. has a 12-month low of $13.57 and a 12-month high of $38.74. The company has a quick ratio of 4.30, a current ratio of 4.34 and a debt-to-equity ratio of 0.88.

Xometry (NASDAQ:XMTRGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. The firm had revenue of $128.15 million for the quarter, compared to analyst estimates of $127.78 million. On average, equities analysts anticipate that Xometry, Inc. will post -0.99 earnings per share for the current fiscal year.

About Xometry

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Xometry (NASDAQ:XMTR)

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