PNC Financial Services Group Inc. Decreases Stock Holdings in Xometry, Inc. (NASDAQ:XMTR)

PNC Financial Services Group Inc. cut its position in Xometry, Inc. (NASDAQ:XMTR) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,449 shares of the company’s stock after selling 2,621 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.06% of Xometry worth $1,022,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lisanti Capital Growth LLC purchased a new stake in Xometry during the fourth quarter valued at approximately $4,972,000. Charles Schwab Investment Management Inc. boosted its position in shares of Xometry by 29.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock worth $5,080,000 after purchasing an additional 67,443 shares in the last quarter. Nicholas Investment Partners LP acquired a new position in Xometry during the 4th quarter valued at about $2,951,000. Primecap Management Co. CA raised its stake in Xometry by 6.3% in the third quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company’s stock valued at $112,598,000 after buying an additional 390,933 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in Xometry in the third quarter worth about $332,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price objective on shares of Xometry in a research report on Tuesday, April 23rd. Cantor Fitzgerald began coverage on shares of Xometry in a report on Wednesday, June 5th. They set an “underweight” rating and a $13.00 price objective on the stock. UBS Group cut their price objective on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Royal Bank of Canada decreased their target price on Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. Finally, TheStreet downgraded shares of Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Xometry presently has an average rating of “Hold” and a consensus target price of $22.71.

Insider Activity

In related news, insider Subir Dutt bought 10,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of $15.55 per share, for a total transaction of $155,500.00. Following the acquisition, the insider now directly owns 46,864 shares in the company, valued at approximately $728,735.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 19.23% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ XMTR opened at $12.61 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.30 and a current ratio of 4.34. The firm has a market cap of $581.57 million, a PE ratio of -9.27 and a beta of 0.58. Xometry, Inc. has a one year low of $12.30 and a one year high of $38.74. The firm has a fifty day moving average of $15.62 and a 200 day moving average of $22.92.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. The company had revenue of $122.69 million for the quarter, compared to analysts’ expectations of $119.00 million. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. As a group, research analysts predict that Xometry, Inc. will post -0.99 EPS for the current fiscal year.

Xometry 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.