Xometry, Inc. (NASDAQ:XMTR) Holdings Boosted by First Trust Advisors LP

Posted by on Jun 3rd, 2023

First Trust Advisors LP boosted its position in shares of Xometry, Inc. (NASDAQ:XMTR – Get Rating) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,868 shares of the company’s stock after purchasing an additional 729 shares during the period. First Trust Advisors LP owned 0.15% of Xometry worth $2,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Xometry by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,816,055 shares of the company’s stock worth $159,923,000 after purchasing an additional 447,638 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Xometry by 41.3% during the 3rd quarter. BlackRock Inc. now owns 2,420,765 shares of the company’s stock valued at $137,476,000 after acquiring an additional 706,969 shares in the last quarter. Capital World Investors grew its holdings in shares of Xometry by 55.2% during the 1st quarter. Capital World Investors now owns 2,139,600 shares of the company’s stock valued at $78,630,000 after acquiring an additional 761,100 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Xometry by 4.0% during the 3rd quarter. Blair William & Co. IL now owns 1,773,755 shares of the company’s stock valued at $100,732,000 after acquiring an additional 68,597 shares in the last quarter. Finally, Eventide Asset Management LLC grew its holdings in shares of Xometry by 15.0% during the 3rd quarter. Eventide Asset Management LLC now owns 1,615,098 shares of the company’s stock valued at $91,721,000 after acquiring an additional 210,934 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JMP Securities lifted their price objective on shares of Xometry from $20.00 to $24.00 in a research note on Thursday, May 11th. Lake Street Capital lowered their target price on shares of Xometry from $28.00 to $15.00 in a research note on Thursday, March 2nd. Craig Hallum lowered their target price on shares of Xometry from $48.00 to $27.00 in a research note on Thursday, March 2nd. Citigroup upped their price objective on shares of Xometry from $25.00 to $26.00 in a research note on Thursday, May 11th. Finally, Royal Bank of Canada cut shares of Xometry from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $45.00 to $21.00 in a research note on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.73.

Xometry Trading Up 4.1 %

Shares of Xometry stock opened at $18.60 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.75 and a quick ratio of 5.73. The firm has a 50 day simple moving average of $15.49 and a 200 day simple moving average of $25.90. Xometry, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $64.35.

Xometry (NASDAQ:XMTR – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.30). Xometry had a negative net margin of 18.46% and a negative return on equity of 18.73%. The business had revenue of $98.20 million during the quarter, compared to the consensus estimate of $104.32 million. During the same period in the previous year, the business posted ($0.40) earnings per share. Xometry’s revenue was up 46.3% compared to the same quarter last year. On average, analysts anticipate that Xometry, Inc. will post -1.29 earnings per share for the current fiscal year.

Xometry Profile

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Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

See Also

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Institutional Ownership by Quarter for Xometry (NASDAQ:XMTR)

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