Posted by admin on Jul 18th, 2022
Chevy Chase Trust Holdings Inc. acquired a new stake in Xometry, Inc. (NASDAQ:XMTR – Get Rating) in the first quarter, according to its most recent filing with the SEC. The fund acquired 51,306 shares of the company’s stock, valued at approximately $1,885,000. Chevy Chase Trust Holdings Inc. owned approximately 0.12% of Xometry at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of XMTR. LVW Advisors LLC purchased a new position in Xometry in the 4th quarter valued at approximately $258,000. AJ Wealth Strategies LLC purchased a new position in shares of Xometry during the 4th quarter valued at $1,226,000. ARK Investment Management LLC grew its position in shares of Xometry by 12.3% during the 4th quarter. ARK Investment Management LLC now owns 270,553 shares of the company’s stock valued at $13,866,000 after purchasing an additional 29,606 shares in the last quarter. Hamilton Lane Advisors LLC purchased a new position in shares of Xometry during the 4th quarter valued at $273,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Xometry during the 4th quarter valued at $2,839,000. 77.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:XMTR opened at $34.93 on Monday. Xometry, Inc. has a 52-week low of $26.61 and a 52-week high of $83.21. The firm has a fifty day moving average of $33.32 and a 200 day moving average of $39.82. The firm has a market capitalization of $1.55 billion and a PE ratio of -12.70. The company has a debt-to-equity ratio of 0.68, a quick ratio of 7.82 and a current ratio of 7.86.
Xometry (NASDAQ:XMTR – Get Rating) last announced its earnings results on Wednesday, May 11th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.09. Xometry had a negative net margin of 27.47% and a negative return on equity of 23.42%. The company had revenue of $83.67 million during the quarter, compared to analyst estimates of $81.02 million. As a group, research analysts anticipate that Xometry, Inc. will post -1.02 EPS for the current fiscal year.
A number of research analysts have recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of Xometry from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, June 9th. CL King reduced their price target on shares of Xometry from $65.00 to $55.00 in a research report on Thursday, May 12th. Finally, Loop Capital assumed coverage on shares of Xometry in a research report on Monday, April 11th. They set a “buy” rating and a $50.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Xometry has an average rating of “Buy” and a consensus target price of $70.83.
In other Xometry news, Director George Hornig sold 10,000 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $32.95, for a total value of $329,500.00. Following the completion of the sale, the director now directly owns 124,851 shares of the company’s stock, valued at $4,113,840.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Xometry news, Director George Hornig sold 10,000 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $32.95, for a total value of $329,500.00. Following the completion of the sale, the director now directly owns 124,851 shares of the company’s stock, valued at $4,113,840.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James M. Rallo sold 23,529 shares of the business’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $35.06, for a total transaction of $824,926.74. Following the completion of the sale, the chief financial officer now directly owns 21,687 shares of the company’s stock, valued at $760,346.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,244 shares of company stock worth $4,745,003.
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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