Zevenbergen Capital Investments LLC Reduces Stock Position in Xometry, Inc. (NASDAQ:XMTR)

Zevenbergen Capital Investments LLC lessened its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 11.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,015 shares of the company’s stock after selling 22,480 shares during the period. Zevenbergen Capital Investments LLC owned approximately 0.36% of Xometry worth $2,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lisanti Capital Growth LLC bought a new stake in Xometry during the 4th quarter worth approximately $4,972,000. Wellington Management Group LLP bought a new stake in Xometry during the 4th quarter worth approximately $21,165,000. Nicholas Investment Partners LP bought a new stake in Xometry during the 4th quarter worth approximately $2,951,000. Graham Capital Management L.P. bought a new stake in Xometry during the 3rd quarter worth approximately $332,000. Finally, Vanguard Group Inc. increased its holdings in Xometry by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,773,652 shares of the company’s stock worth $64,077,000 after acquiring an additional 161,226 shares during the period. Institutional investors own 97.31% of the company’s stock.

Insider Buying and Selling at Xometry

In other news, insider Subir Dutt purchased 10,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average price of $15.55 per share, with a total value of $155,500.00. Following the transaction, the insider now directly owns 46,864 shares of the company’s stock, valued at approximately $728,735.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 2,286 shares of company stock valued at $27,662 in the last quarter. Company insiders own 19.23% of the company’s stock.

Xometry Trading Up 5.0 %

Shares of Xometry stock traded up $0.65 during trading on Friday, reaching $13.77. The company’s stock had a trading volume of 560,131 shares, compared to its average volume of 577,024. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $38.74. The company has a market cap of $635.07 million, a price-to-earnings ratio of -10.12 and a beta of 0.52. The firm’s 50-day moving average is $14.13 and its two-hundred day moving average is $21.11. The company has a quick ratio of 4.30, a current ratio of 4.34 and a debt-to-equity ratio of 0.88.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. The company had revenue of $122.69 million during the quarter, compared to analysts’ expectations of $119.00 million. On average, sell-side analysts anticipate that Xometry, Inc. will post -0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of research analyst reports. Craig Hallum decreased their price target on shares of Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Cantor Fitzgerald initiated coverage on shares of Xometry in a report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 price target on the stock. JMP Securities reissued a “market outperform” rating and issued a $30.00 price target on shares of Xometry in a report on Tuesday, April 23rd. Finally, Citigroup decreased their price target on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.71.

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.