Allspring Global Investments Holdings LLC Increases Stake in Xometry, Inc. (NASDAQ:XMTR)

Allspring Global Investments Holdings LLC lifted its stake in Xometry, Inc. (NASDAQ:XMTR) by 191.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 216,700 shares of the company’s stock after buying an additional 142,262 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.47% of Xometry worth $3,981,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of XMTR. Raymond James & Associates increased its holdings in Xometry by 0.6% in the 3rd quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock valued at $5,290,000 after acquiring an additional 1,586 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Xometry in the third quarter worth about $153,000. Point72 Asset Management L.P. bought a new stake in shares of Xometry in the second quarter worth about $55,000. Sylebra Capital LLC lifted its position in shares of Xometry by 134.2% in the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after buying an additional 864,454 shares in the last quarter. Finally, Clearline Capital LP boosted its stake in Xometry by 87.0% during the second quarter. Clearline Capital LP now owns 276,710 shares of the company’s stock valued at $3,199,000 after buying an additional 128,766 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Insider Buying and Selling at Xometry

In other news, CTO Matthew Leibel sold 3,400 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.79% of the company’s stock.

Analyst Ratings Changes

XMTR has been the topic of a number of research reports. JMP Securities lifted their price objective on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Cantor Fitzgerald reduced their price target on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xometry currently has a consensus rating of “Hold” and a consensus target price of $22.86.

Xometry Stock Performance

NASDAQ XMTR opened at $19.97 on Tuesday. The business’s 50 day moving average price is $18.89 and its 200-day moving average price is $16.32. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $38.74. The company has a market cap of $984.52 million, a P/E ratio of -18.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64.

Xometry (NASDAQ:XMTR) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.13. The business had revenue of $132.60 million for the quarter, compared to the consensus estimate of $128.65 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.55) earnings per share. Sell-side analysts predict that Xometry, Inc. will post -0.81 earnings per share for the current 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.