Intech Investment Management LLC Takes $205,000 Position in Xometry, Inc. (NASDAQ:XMTR)

Intech Investment Management LLC purchased a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,170 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bellecapital International Ltd. acquired a new stake in Xometry during the 2nd quarter worth approximately $6,281,000. Values First Advisors Inc. increased its stake in Xometry by 19.5% in the 2nd quarter. Values First Advisors Inc. now owns 56,872 shares of the company’s stock valued at $657,000 after buying an additional 9,274 shares during the period. Bank of New York Mellon Corp raised its position in Xometry by 21.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,522 shares of the company’s stock worth $1,624,000 after buying an additional 25,247 shares during the last quarter. ARK Investment Management LLC lifted its stake in shares of Xometry by 74.9% in the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock worth $3,063,000 after acquiring an additional 113,478 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Xometry in the 2nd quarter worth $330,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on XMTR shares. Royal Bank of Canada boosted their target price on Xometry from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Craig Hallum upped their price objective on Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup increased their price objective on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. JMP Securities boosted their target price on shares of Xometry from $34.00 to $42.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group increased their price target on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.71.

Xometry Stock Performance

Shares of XMTR opened at $32.02 on Friday. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $38.74. The stock has a market cap of $1.59 billion, a P/E ratio of -30.02 and a beta of 0.83. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $24.52 and a two-hundred day moving average of $18.70.

Insider Buying and Selling at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the sale, the chief technology officer now owns 82,918 shares in the company, valued at approximately $1,529,837.10. This trade represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Peter Goguen sold 5,000 shares of the business’s stock in a transaction 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 owns 175,419 shares of the company’s stock, valued at $5,613,408. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,633 shares of company stock worth $1,201,730. 16.79% of the stock is owned by insiders.

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.