Allspring Global Investments Holdings LLC Purchases 2,375 Shares of Xometry, Inc. (NASDAQ:XMTR)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 219,075 shares of the company’s stock after buying an additional 2,375 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.44% of Xometry worth $9,120,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of XMTR. Barclays PLC lifted its position in Xometry by 360.9% during the third quarter. Barclays PLC now owns 68,951 shares of the company’s stock valued at $1,266,000 after buying an additional 53,991 shares during the period. Weiss Asset Management LP purchased a new position in Xometry during the 3rd quarter valued at about $1,586,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Xometry during the third quarter worth about $355,000. Versor Investments LP purchased a new stake in Xometry in the third quarter worth about $411,000. Finally, Primecap Management Co. CA increased its stake in shares of Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after purchasing an additional 113,264 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XMTR. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 price target on shares of Xometry in a research report on Wednesday, November 6th. Wedbush reissued an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. 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. UBS Group upped their target price on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

Insider Buying and Selling

In other Xometry news, CFO James Miln sold 5,386 shares of Xometry stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.33, for a total value of $227,989.38. Following the transaction, the chief financial officer now owns 102,329 shares in the company, valued at $4,331,586.57. The trade was a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter Goguen sold 940 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.36, for a total value of $39,818.40. Following the transaction, the chief operating officer now directly owns 167,993 shares in the company, valued at $7,116,183.48. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,312 shares of company stock valued at $517,537 over the last 90 days. Corporate insiders own 16.79% of the company’s stock.

Xometry Price Performance

Shares of Xometry stock opened at $38.16 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -36.34 and a beta of 0.65. The stock has a 50 day moving average price of $37.08 and a 200-day moving average price of $27.34.

About Xometry

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.