Bank of New York Mellon Corp Boosts Stock Position in Xometry, Inc. (NASDAQ:XMTR)

Bank of New York Mellon Corp lifted its position in Xometry, Inc. (NASDAQ:XMTR) by 21.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,522 shares of the company’s stock after purchasing an additional 25,247 shares during the quarter. Bank of New York Mellon Corp owned 0.30% of Xometry worth $1,624,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XMTR. Charles Schwab Investment Management Inc. boosted its holdings in shares of Xometry by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,341 shares of the company’s stock worth $10,929,000 after purchasing an additional 5,144 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Xometry during the 4th quarter valued at about $709,000. Quest Partners LLC purchased a new stake in Xometry during the 4th quarter valued at about $125,000. Primecap Management Co. CA boosted its holdings in Xometry by 0.3% during the 4th quarter. Primecap Management Co. CA now owns 6,652,858 shares of the company’s stock valued at $238,904,000 after acquiring an additional 21,647 shares during the period. Finally, Austin Wealth Management LLC purchased a new stake in Xometry during the 4th quarter valued at about $646,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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 completion of the transaction, the chief technology officer now owns 82,918 shares of the company’s stock, valued at approximately $1,529,837.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 4,700 shares of company stock valued at $78,018 in the last 90 days. Insiders own 19.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on XMTR shares. JMP Securities restated a “market outperform” rating and set a $27.00 target price on shares of Xometry in a report on Tuesday, July 23rd. Citigroup dropped their target price on Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, May 28th. Finally, Cantor Fitzgerald dropped their target price on Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.14.

Xometry Trading Down 1.2 %

XMTR opened at $19.26 on Thursday. The business has a 50 day simple moving average of $16.77 and a two-hundred day simple moving average of $16.05. The firm has a market capitalization of $949.52 million, a price-to-earnings ratio of -14.16 and a beta of 0.58. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.64 and a quick ratio of 4.60. Xometry, Inc. has a one year low of $11.08 and a one year high of $38.74.

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

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.