Charles Schwab Investment Management Inc. Boosts Holdings in Xometry, Inc. (NASDAQ:XMTR)

Charles Schwab Investment Management Inc. increased its holdings in Xometry, Inc. (NASDAQ:XMTR) by 4.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 354,849 shares of the company’s stock after purchasing an additional 16,396 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Xometry were worth $6,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in Xometry during the second quarter valued at about $38,000. ProShare Advisors LLC bought a new stake in shares of Xometry in the 2nd quarter valued at about $53,000. Point72 Asset Management L.P. purchased a new stake in Xometry during the 2nd quarter valued at about $55,000. US Bancorp DE grew its position in Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after acquiring an additional 2,037 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Xometry in the 3rd quarter worth approximately $153,000. Institutional investors own 97.31% of the company’s stock.

Insider Transactions at Xometry

In other Xometry news, COO Peter Goguen sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the transaction, the chief operating officer now directly owns 175,419 shares in the company, valued at $5,613,408. This represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Matthew Leibel sold 16,564 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total transaction of $498,245.12. Following the completion of the transaction, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at $2,341,908.48. This represents a 17.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,633 shares of company stock worth $1,201,730 in the last ninety days. Insiders own 16.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup increased their price objective on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Cantor Fitzgerald reissued an “underweight” rating and set a $12.00 price target on shares of Xometry in a research report on Wednesday, November 6th. UBS Group raised their price target on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price objective on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Craig Hallum raised their target price on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Xometry has a consensus rating of “Hold” and a consensus price target of $27.71.

Xometry Stock Up 5.7 %

Shares of Xometry stock opened at $34.77 on Thursday. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $38.74. 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 company’s 50 day moving average is $25.72 and its 200 day moving average is $19.21. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -33.11 and a beta of 0.83.

Xometry Company Profile

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.