Credit Suisse AG Sells 4,984 Shares of Xometry, Inc. (NASDAQ:XMTR)

Credit Suisse AG reduced its stake in Xometry, Inc. (NASDAQ:XMTR – Get Rating) by 17.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,125 shares of the company’s stock after selling 4,984 shares during the period. Credit Suisse AG owned 0.05% of Xometry worth $1,315,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Prescott Group Capital Management L.L.C. acquired a new position in shares of Xometry during the third quarter valued at about $568,000. Tower Research Capital LLC TRC raised its holdings in shares of Xometry by 221.8% during the third quarter. Tower Research Capital LLC TRC now owns 3,933 shares of the company’s stock valued at $223,000 after purchasing an additional 2,711 shares during the period. UBS Group AG raised its holdings in shares of Xometry by 81.1% during the third quarter. UBS Group AG now owns 1,869 shares of the company’s stock valued at $106,000 after purchasing an additional 837 shares during the period. MCF Advisors LLC acquired a new position in shares of Xometry during the third quarter valued at about $34,000. Finally, Blair William & Co. IL raised its holdings in shares of Xometry by 4.0% during the third quarter. Blair William & Co. IL now owns 1,773,755 shares of the company’s stock valued at $100,732,000 after purchasing an additional 68,597 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Xometry Stock Down 1.5 %

Xometry stock opened at $18.22 on Thursday. Xometry, Inc. has a twelve month low of $17.02 and a twelve month high of $64.35. The firm has a 50 day moving average price of $30.57 and a 200-day moving average price of $42.76. The company has a market capitalization of $812.43 million, a P/E ratio of -11.32 and a beta of -0.03. The company has a quick ratio of 6.21, a current ratio of 6.30 and a debt-to-equity ratio of 0.71.

Xometry (NASDAQ:XMTR – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.30). The company had revenue of $98.20 million for the quarter, compared to the consensus estimate of $104.32 million. Xometry had a negative net margin of 19.95% and a negative return on equity of 17.30%. The firm’s revenue was up 46.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.40) earnings per share. As a group, equities analysts predict that Xometry, Inc. will post -1.03 EPS for the current year.

Insiders Place Their Bets

In other Xometry news, CFO James M. Rallo sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $34.22, for a total value of $342,200.00. Following the sale, the chief financial officer now directly owns 18,976 shares in the company, valued at approximately $649,358.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Randolph Altschuler sold 20,000 shares of the stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $32.10, for a total transaction of $642,000.00. Following the transaction, the chief executive officer now owns 87,582 shares of the company’s stock, valued at approximately $2,811,382.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO James M. Rallo sold 10,000 shares of the stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $34.22, for a total transaction of $342,200.00. Following the transaction, the chief financial officer now directly owns 18,976 shares in the company, valued at approximately $649,358.72. The disclosure for this sale can be found here. Insiders have sold 55,737 shares of company stock worth $1,862,923 in the last three months. 30.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on XMTR shares. The Goldman Sachs Group dropped their price objective on shares of Xometry from $57.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. UBS Group decreased their target price on shares of Xometry from $45.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. Craig Hallum decreased their target price on shares of Xometry from $48.00 to $27.00 in a research report on Thursday, March 2nd. JPMorgan Chase & Co. downgraded shares of Xometry from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $21.00 in a research report on Thursday, March 2nd. Finally, Lake Street Capital decreased their target price on shares of Xometry from $28.00 to $15.00 in a research report on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xometry presently has an average rating of “Hold” and an average target price of $30.00.

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.