Zurcher Kantonalbank Zurich Cantonalbank Has $266,000 Stake in Xometry, Inc. (NASDAQ:XMTR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Xometry, Inc. (NASDAQ:XMTR) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,401 shares of the company’s stock after acquiring an additional 894 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Xometry were worth $266,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of XMTR. SG Americas Securities LLC acquired a new stake in Xometry in the 3rd quarter valued at $560,000. Bank of New York Mellon Corp grew its position in Xometry by 7.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 152,545 shares of the company’s stock valued at $2,590,000 after purchasing an additional 10,913 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Xometry in the 3rd quarter valued at $180,000. Swiss National Bank grew its position in Xometry by 1.1% in the 3rd quarter. Swiss National Bank now owns 84,400 shares of the company’s stock valued at $1,433,000 after purchasing an additional 900 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Xometry by 29.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock valued at $5,080,000 after purchasing an additional 67,443 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insider Activity

In other news, CFO James M. Rallo sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $30.85, for a total value of $154,250.00. Following the completion of the transaction, the chief financial officer now directly owns 44,381 shares in the company, valued at $1,369,153.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Peter Goguen sold 3,943 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total value of $69,436.23. Following the sale, the chief operating officer now owns 197,211 shares in the company, valued at $3,472,885.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James M. Rallo sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total value of $154,250.00. Following the transaction, the chief financial officer now owns 44,381 shares of the company’s stock, valued at $1,369,153.85. The disclosure for this sale can be found here. Insiders have sold a total of 10,243 shares of company stock worth $247,252 over the last ninety days. Company insiders own 19.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XMTR. The Goldman Sachs Group reduced their price target on shares of Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, March 1st. TheStreet cut shares of Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. Royal Bank of Canada decreased their price objective on shares of Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a research note on Friday, March 1st. UBS Group cut their target price on Xometry from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $30.00 target price on shares of Xometry in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.67.

Xometry Trading Up 2.2 %

Shares of Xometry stock opened at $18.34 on Monday. The stock’s 50-day simple moving average is $18.12 and its 200 day simple moving average is $23.80. The stock has a market capitalization of $890.96 million, a P/E ratio of -13.10 and a beta of 0.65. Xometry, Inc. has a 52-week low of $12.45 and a 52-week high of $38.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 4.25 and a current ratio of 4.28.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. The company had revenue of $128.15 million during the quarter, compared to analysts’ expectations of $127.78 million. As a group, research analysts anticipate that Xometry, Inc. will post -0.64 EPS for the current year.

Xometry Company 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.